Saturday, 25 April 2015
Last updated 1 day ago
May 31 2011 | 8:50am ET
The Texas Employees Retirement System has taken a big step towards its first hedge fund investments.
The $23 billion public pension has hired Albourne America to advise it on hedge funds, Pensions & Investments reports. The consultant will help TERS establish its investment plan and will assist in picking the beneficiaries of the pension's initial 1% investment target—an impressive $230 million—beginning early next year.
TERS allocated 5% of its assets to hedge funds in 2008, but shelved those plans amidst the financial crisis.
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…