Monday, 30 March 2015
Last updated 9 hours ago
Jun 13 2011 | 11:39am ET
Philadelphia's city employees aren't relying on Arden Asset Management or AG Bisset to help fund their retirements anymore.
The $4.1 billion City of Philadelphia Municipal Pension Fund has redeemed its investments in both firms, HFMWeek reports. AG Bisset, a currency alpha fund, had been allocated $100 million, while Arden had been allocated half as much.
The withdrawals leave Philadelphia with just over $400 million in hedge fund investments.
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…