Tuesday, 31 March 2015
Last updated 14 min ago
Mar 5 2007 | 10:26am ET
The $20.5 billion Public Employees’ Retirement System of Mississippi has issued a request for information for an alternative investments consultant to help the system jumpstart its absolute return, private equity and real estate investment programs.
In 2005, legislation was passed to allow the system to invest up to 10% of its portfolio in alternative investments. In mid-2006, the system’s board adopted target allocations of 7% to real estate, 5% to private equity and 5% to absolute return investments.
Currently, the system has 5% of its portfolio funded or committed to real estate, and intends to soon expand its allocation to include timber and private equity. PERS’ board has determined that part of the absolute return allocation will include a global tactical asset allocation component; but it has not yet hired managers in this area.
The deadline for the RFI is March 20 and the board is expected to approve the finalists by April 24. The RFI is available on PERS’ Web site.
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…