Monday, 30 March 2015
Last updated 8 min ago
Mar 24 2011 | 11:22am ET
The Orange County Retirement System has awarded an additional $10 million to a BlackRock fund of hedge funds as it continues a pair of other searches.
The $8.7 billion public pension fund now has $165 million invested with BlackRock, one of two funds of funds it uses. OCERS also invests in Bridgewater Associates.
Meanwhile, the system is moving forward with two new alternatives searches, one for another fund of funds manager and the other for one or more absolute return separate accounts, HFMWeek reports. Each search is expected to result in a $150 million mandate.
OCERS' consultant, Callan Associates, will whittle the pension's choices down to four candidates for each mandate.
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…