Sunday, 29 March 2015
Last updated 1 day ago
May 1 2007 | 12:17pm ET
Two firms vying for the $162 billion California State Teachers' Retirement System’s alternatives investment consulting services contract have made it into the final round. The system will interview finalists Ennis Knupp and Pension Consulting Alliance at its May 3 meeting, according to an internal investment memo.
CalSTRS issued a request for proposals on Feb. 23 and received six bids by the final filing date, March 30. Five of the six proposals passed the preliminary review for compliance with minimum qualifications and requirements and proceeded to the evaluation phase of the process. “After accumulating all the scoring, two firms stood clearly at the top,” according to the memo. “There was a clear distance between these two leaders and third place, enough that only two were invited to make final presentations.”
CalSTRS’ current contract for alternative consulting services with McKinsey and Company expires on June 30, 2007.
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…