Friday, 22 May 2015
Last updated 4 hours ago
Jan 31 2011 | 1:34am ET
The Arizona Public Safety Personnel Retirement System is keeping busy with another $80 million in commitments to two hedge funds.
The $6.6 billion public pension plan has committed up to $40 million each to West Face Capital and EIF Management. The former's Long-Term Opportunities Global Master fund is a deep-value event-driven strategy focused on Canadian companies, while the latter's United States Power Fund IV invests in power generation and transmission, Pensions & Investments reports.
The West Face investment will be funded with returns earned by Arizona's credit opportunities portfolio, while EIF's commitment comes from the pension's real assets allocation.
The moves follow more than $200 million in commitments made to hedge funds by the Arizona system over the past few months. The pension is also mulling a hedge fund seeding program, which could launch by the end of the year.
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…