Friday, 30 January 2015
Last updated 9 hours ago
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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…