Saturday, 28 March 2015
Last updated 19 hours ago
Mar 15 2011 | 2:45am ET
Hedge fund adviser Aksia has received a temporary reprieve from the Ohio School Employees Retirement System.
The $9 billion pension has extended the firm's contract through at least the end of the year; it had been up for renewal on Aug. 15. Instead, Aksia will continue to serve as its hedge fund consultant until it conducts contract review requirements next year, a process which Aksia will be permitted to take part in.
SERS said it decided to postpone the hedge fund consultancy review until after it completes its general consultancy review; the pension's current general consultant is Summit Strategies.
"We didn't want to do these two searches at the same time," spokesman Tim Barbour told HFMWeek.
SERS allocates 15% of its assets to 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…