Friday, 27 March 2015
Last updated 2 hours ago
May 20 2011 | 12:26pm ET
A Connecticut town in the heart of hedge fund country has picked Brevan Howard Asset Management to handle its first commodities investment.
The Town of Fairfield Joint Retirement Investment Board awarded the firm a $9 million mandate, HFMWeek reports. Brevan Howard bested GE Asset Management and Invesco for the allocation.
The Brevan mandate is deemed a commodities investment by Fairfield, but the firm joins two other hedge funds hired in November, the first by the board, which manages both the Town of Fairfield Employees Pension Fund and Town of Fairfield Police & Firefighters Pension Fund, with a total of $273 million in assets. Wellington Management and Conatus Capital won the hedge fund mandates, totaling $15 million.
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…