Friday, 22 May 2015
Last updated 1 min ago
Apr 1 2011 | 12:05pm ET
Last month proved a good one for the Permal Group when it comes to New York City's public pension plans.
The fund of hedge funds manager, which earlier in the month won a roughly $150 million commitment from the New York City Police Pension Fund and a $250 million commitment from the New York City Employees Retirement System, can now add $50 million from its firefighters.
The New York City Fire Department Pension Fund's board of trustees approved its first investment in hedge funds, a spokesman for the city comptroller's office said. The $7.6 billion plan made the move "to further diversity the fund's investment portfolio," Michael Loughran said.
The three allocations are hedge fund firsts for all three of the pension schemes.
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…