EnTrust Capital Remaining with San Antonio Pension Fund

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Posted on 23rd March 2011 by admin in Business |EnTrust Capital |Gregg Hymowitz

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Gregg Hymowitz of Entrust CapitalThe San Antonio Fire and Police Pension Fund, worth $1.9 billion, is now in the process of transitioning its existing portfolio into more direct investments. As part of that process the Fund has increased its already existing investment in HBK Capital Management.

At its December, 2010 meeting the pension’s investment committee took the decision to increase by $5 million its investment in HBK, which is indicated in the recently published minutes of the investment committee’s meeting. This added investment is part of the overall plan for the fund to change its existing portfolio to an equal division between single hedge fund investments and funds of hedge funds (FoHF) investments.

Currently the pension fund is looking for about 10 direct hedge fund managers. When they are chosen they will each be given the management responsibilities for about $20 million.
The search will be conducted with the assistance of Albourne Partners Consultants, who will help the Texas pension fund to narrow down a list of 40 single manager hedge funds to a more workable 15-20 to pick from. The final cut will leave a “stable of just 10 hedge funds to complement the fund’s current fund of funds”, state the minutes from the meeting of the board of trustees which met at the conclusion of 2010.

Part of the transition process includes the pension fund redeeming funds from three of its FoHF managers: Optima Fund Management, Ironwood Capital Management and Benchmark. The funds which will remain are Lazard Asset Management, Federal Street Advisors and Entrust Capital where Gregg Hymowitz serves as Managing Partner.

Excellent News for EnTrust Capital

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Posted on 18th February 2011 by admin in EnTrust Capital |Gregg Hymowitz

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Given that we are currently in an economic climate in which many investors are pausing their investments and there are, at best, “mediocre returns” from funds of funds, EnTrust Capital is clearly in a better position than most. In the last three years, the New York company’s assets have grown by $2 billion. Also, the EnTrust Capital Diversified Fund increased by 11% last year, which is impressive in and of itself but even more exciting for investors since that figure was way above the InvestHedge Composite Index which stood at 4.86%. Gregg Hymowitz is a Managing Partner of EnTrust Capital as well as the chair of the EnTrust Capital Diversified Fund Investment Committee.

EnTrust Capital Benefits from Code Red

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Posted on 12th August 2010 by admin in EnTrust Capital |Gregg Hymowitz

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Code Red, Inc., a leading technology provider of investment research management systems, has grown a great deal in the first half of 2010.  In just the first half of 2010, they have increased their client count by over 40%.  A few of their new clients include the MIT and Dartmouth Endowments, The Carnegie Corporation of New York and EnTrust Capital with Gregg Hymowitz in New York.

As Code Red explains their own services in a recent press release, they report that, “Code Red provides research management technologies to the investment management community. The Code Red Research Management Workspace™ includes its flagship product Red Alerts RMS™, a Research Management System; IdeaNet™, a platform for the distribution of research, ideas and meetings; and Open RMS™, a research and data integration service. Code Red’s workspace lets portfolio managers and analysts easily manage research, control the flood of information, and integrate third-party data.”

What are Taft-Hartley Pension Funds?

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Posted on 15th March 2010 by admin in EnTrust Capital |Gregg Hymowitz

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Taft-Hartley Pension Funds started in 1947, when an act of Congress put them in place. They represent 420 billion dollars worth of investment capital. These funds are one of the vehicles through which companies can provide benefits to their employees when they retire. The fund money comes from the contributions that the employer makes for the employee. The fund trustees are both from the union and the employer pool, and they are appointed in equal number to oversee the investment.

Taft-Hartley Pension Funds are one example of the type of funds that EnTrust Capital, with managing partner Gregg Hymowitz, manage for their clients. They shoulder the responsibility for monitoring and managing these funds, and they implement investment strategies accordingly.

Understanding EnTrust Capital

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Posted on 25th February 2010 by admin in EnTrust Capital |Gregg Hymowitz

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EnTrust Capital Inc. is an independent investment firm that managing alternative investments.  Launched by Gregg Hymowitz and others, they manage investments for Public, Corporate and Taft-Hartley Pension funds, foundations, endowments, and individuals with high net worth.

Since 1997, Mr. Hymowitz has been a Managing Partner with EnTrust Capital.  In addition, he is currently the Chair of the EnTrust Capital Diversified Fund Investment Committee and a managing member of EnTrust Securities LLC.

EnTrust Capital Inc, EnTrust Partners LLC and EnTrust Partners Offshore LLC are all registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.  They have, in aggregate, more than $4.8 billion in assets under their management.