Thursday, 26 March 2015
Last updated 12 min ago
May 26 2011 | 4:00am ET
Fund of hedge funds firm Permal Group has hired a portfolio manager from the U.K.'s third-largest pension fund as its first institutional business head in that country.
Paul Jeffries will start on June 1 at the Legg Mason-owned firm, which has $21.6 billion in assets under management. Jeffries has spent the past six years at Railpen Investments, overseeing stock funds for the £17 billion pension Railways Pension Scheme.
Before joining Railpen, Jeffries worked at RMB MultiManagers.
"Paul's knowledge of the U.K. pensions market and his experience of managing investments for one of the largest U.K. pension schemes will certainly enhance our presence in the U.K. market," Roberto Giuffrida, co-head of global business development, said.
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…