Monday, 27 April 2015
Last updated 38 sec ago
Feb 10 2006 | 10:33pm ET
The $245 million El Paso County (Colo.) Pension System has hired PIMCO and Western Asset Management to handle $11 million each in absolute return fixed-income. Dave Klemmer, plan administrator, said the two firms were selected because they complement each other, though he declined to detail how.
The firms were brought in to provide an education on the strategy at the January meeting. The money came from a reallocation of the plan's fixed-income portfolio. The plan allocated 20% to the absolute return strategy from its passive investments, which is now 40% of the portfolio. The plan's consultant is Summit Strategies Group.
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…