The New York City Police Pension Fund and the New York City Fire Pension Fund combined oversee about $50 billion, and in truth they are no strangers to quantitative funds or even to trend-followers. (Photo: Shutterstock)
(Bloomberg) –Fighting fires. Upholding the law. Investing in a quant fund loaded up with some of the most exotic and volatile derivatives trades on Wall Street.
It's all in a day's work for New York's finest.
The pension funds for New York City's police and fire departments last month allocated a combined $134 million to London-based Florin Court Capital. At first blush, it's an odd pairing: the quant shop follows trends in hard-to-trade assets from European power to cryptocurrencies.
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