Monday, 25 May 2015
Last updated 3 days ago
Aug 30 2010 | 1:02pm ET
The Vermont State Retirement System has made its first hedge fund hires.
The $3 billion pension fund last week allocated 5% to hedge funds, and quickly picked three firms to fill that allocation, Pensions & Investments reports. Vermont awarded $60 million mandates to Grosvenor Capital Managements multi-strategy Institutional Partners fund and Permal Investment Management’s Fixed-Income Holdings Institutional fund, as well as about $30 million to GAM’s U.S. Institutional Diversity fund.
All three hires are still pending, with contract negotiations ongoing.
“The committees aim was to be broadly diversified among the principal hedge fund strategies," Steven Rauh, chairman of the pension investment committee, told P&I.
Consultant NEPC assisted Vermont in selecting the three managers.
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…