Wednesday, 1 April 2015
Last updated 3 hours ago
Mar 30 2010 | 12:05pm ET
The New Mexico Public Employees Retirement Association has awarded $20 million to one hedge fund will issuing a stern warning to two other asset managers on its payroll.
The $10.9 billion pension committed $20 million to LIM’s Asia Multi-Strategy Fund, Pensions & Investments reports. But two funds with much larger allocations have been put on performance watch.
PERA’s board approved that measure against State Street Global Advisors and Artio Global Investors. The pension has $365 million invested in the former’s International Alpha Select Strategy and $220 million in the latter’s International Equity II Fund.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…