Thursday, 7 May 2015
Last updated 13 hours ago
Apr 7 2010 | 11:47am ET
The California State Teachers’ Retirement System is ready to take the plunge into global macro hedge funds, but the $132.5 billion pension fund needs some help.
CalSTRS is looking for a hedge fund consultant to assist in setting up its global macro strategy, which will initially include between three and six managers and $200 million. The consultant will work with the public pension fund, the second-largest in the U.S., for at least three years, monitoring it after helping set it up and then, at some point, deciding along with CalSTRS whether to expand or do away with the strategy.
The consultant will also be charged with developing investment policies and a search strategy for managers and offering training on global macro hedge funds to CalSTRS staffers and board members.
The pension has issued a request for proposals, which is available on its Web site. Interested consultants have until April 29 to apply; CalSTRS said it will make its choice by the early summer.
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…