Worcester Hires Two, Cools on Portable Alpha

Feb 10 2006 | 10:32pm ET

The $666 million Worcester (Mass.) Retirement System has hired hedge fund-of-funds managers The Blackstone Group and Aetos Capital to handle $10 million each. The other finalists were Ironwood Capital Management and Entrust Capital.

Also, James DelSignore, chairman, said the plan has cooled slightly on an investment into portable alpha because of current market conditions. The plan has been discussing the strategy with its consultant, Meketa Group, and recently received permission from the state's pension regulator to make an investment.


In Depth

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note