Tuesday, 5 May 2015
Last updated 8 hours ago
Jan 14 2011 | 10:35am ET
The Los Angeles County Retirement Association is dipping its toes into the fund of hedge funds space. The $36 billion public pension has issued a request for information from funds of hedge funds.
LACERA said it plans to allocate $250 million to funds of funds after taking a hard look at several managers offering customized portfolios. The plan set minimum requirements of $5 billion in assets under management, more than $3 billion from institutional clients and more than $1 billion in customized portfolios. Interested managers should also have at least seven years' experience.
The deadline for responses is Jan. 21. The RFI is available on the system's Web site.
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…