Sunday, 24 May 2015
Last updated 1 day ago
Nov 29 2010 | 9:35am ET
The Northamptonshire County Council's pension fund is taking a hard look at its portfolio, and hedge funds could prove one big beneficiary of that review.
The British pension, which has US$1.1 billion in assets under management, may boost its hedge fund allocation to 5%, HFMWeek reports. The pension currently has 3% of its portfolio invested with fund of hedge funds Fauchier Partners; accountant Paul Tysoe said that Fauchier would receive any new hedge fund allocations that Northamptonshire chooses to make.
"The question we ask is, 'Are we happy [with the asset class]?'" Tysoe told HFMWeek. "If we are, then we have to think about why we aren't allocating 5%."
Northamptonshire used to do just that, but redeemed its investment with Partners Group earlier this year.
Tysoe noted that no decisions have yet been made about any reallocation.
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…