Prisma Wins $80 Million Fund Of Funds Mandate From Denver

Jul 26 2010 | 11:53am ET

Prisma Capital Partners has won the first-ever fund of hedge funds mandate awarded by Denver’s public pension plan.

The Denver Employees Retirement Plan picked Prisma to manage $80 million, Pensions & Investments reports. Steven Hutt, the pension’s executive director, credited Prisma’s diversification, risk analysis and returns history for the selection.

Denver recently reallocated 5% of its $1.6 billion portfolio to funds of funds from core fixed-income. The allocation was funded by terminating three fixed-income managers.


In Depth

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...