The California Public Employees' Retirement System (CalPERS) today announced that it will eliminate its hedge fund program, known internally as the Absolute Return Strategies (ARS) program, as part of an ongoing effort to reduce complexity and costs in its investment program.

The Asian Development Bank (ADB), ORIX Corporation (ORIX) and Robeco Institutional Asset Management B.V. (Robeco) today announced the formation of Asia Climate Partners (ACP), a joint venture that will undertake commercially-oriented private equity investments across a variety of environmentally supportive, low-carbon transactions throughout Asia.

Nomura Asset Management Co., Ltd. announced that it has entered into an alliance agreement with Bridge Capital Asset Management Co., Ltd. (Bridge Capital), an investment manager specializing in incubation funds investing in hedge funds.

Lyxor Asset Management has continued its growth momentum, recording a 7% increase in AuM since the end of 2013 thus reaching EUR 86bn of assets under management.

Since mid-2011, CTAs cumulative loss is between -10.6% (HFRI macro systematic index) and -16.8% (Credit Suisse Managed Futures Index). For the first quarter of this year, CTAs show a drawdown of about 3% which is expected to increase in April (-0.66% for HFRX CTA index) ...