Tuesday, 26 May 2015
Last updated 38 min ago
Apr 6 2010 | 9:31am ET
The Man Group has won a US$1 billion fund of hedge funds mandate from Britain’s Universities Superannuation Scheme.
The pension fund, one of the U.K.’s largest, last year announced plans to boost its alternative investments portfolio and begin investing directly in hedge funds. The Man investment is the largest allocation made as part of that plan, which will be put into place over the next two years, Financial News reports.
The money from the £27 billion USS, which has previously invested only in hedge fund replication strategies, will be invested with Man Investments.
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…