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

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

Agecroft Partners: Hedge Fund Industry Assets to increase $250B by Summer 2016

Aug 11 2015 | 11:29am ET

Assets will continue to flow into the hedge fund industry despite long-standing...

 

Editor's Note