Thursday, 26 March 2015
Last updated 17 min ago
Mar 4 2011 | 9:07am ET
West Virginia's main public pension manager has awarded $60 million to Dallas-based Carlson Capital.
The $12.2 billion West Virginia Investment Management Board's hedge fund subcommittee made the allocation to the Double Black Diamond Fund at its September meeting, HFMWeek reports. Double Black Diamond is a multi-strategy vehicle with about $1.7 billion in assets.
More recently, last month the subcommittee made initial moves towards another hedge fund investment, discussing an allocation to Tenor Capital, a New York-based convertible arbitrage fund.
West Virginia currently invests about 10% of its assets in 22 hedge funds.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…