Wisconsin makes first hedge fund bet, on Capula

http://www.reuters.com/article/2011/02/18/us-hedgefunds-wisconsin-idUSTRE71H61L20110218 - via Reuters


Pensioners in the U.S. state of Wisconsin will now rely on the investing prowess of a Princeton University-trained electrical engineer for some of their retirement income.

The move comes at a time pension funds are pouring billions of dollars into these largely secretive portfolios to make up for years of lackluster investment returns. Hedge funds often promise to deliver strong returns in all types of markets.

For its first foray into the $1.9 trillion hedge fund industry, the state selected a London-based hedge fund with expertise in fixed income markets, founded six years ago by Yan Huo and Masao Asai.

Three years ago Goldman Sachs' Petershill fund, which takes stakes in hedge funds, bought a nearly 20 percent stake in Capula. Petershill also owned a stake in hedge fund Level Global Investors, another favorite with U.S. pension funds, which announced last week that it is shutting down after having become ensnared in the U.S. government's insider trading probe.

Like sub-prime mortgage backed bonds?

Read "The Big Short".

Here we go again.

It's hardly a secret that Democrats for Education Reform, which is closely tied to Education Reform Now, is funded largely by hedge fund millionaires looking to eliminate teacher unions and expand the pay-for-test-score penal pedagogy while privatizing education via charter schools.






http://www.nytimes.com/2010/05/10/nyregion/10charter.html
http://www.schoolsmatter.info/2010/05/hedge-fund-backed-reformers-dumping-50k.html

The Faces of School Reform - Led by a band of billionaires

http://www.indypendent.org/2010/01/29/faces-of-school-reform/