Saturday, 28 March 2015
Last updated 23 hours ago
Jun 14 2011 | 2:00am ET
Wurts & Associates have hired the heads of the Alaska Permanent Fund—former hedge fund executives both—to lead its outsourcing business.
Jeffrey Scott, chief investment officer of the $40.3 billion Alaska fund since 2008, and Max Giolitti, its director of asset allocation, will join Seattle-based Wurts in August. Scott will serve as its first CIO and Giolitti as director of risk allocation.
Scott and Giolitti ran their own hedge fund, JCS Advisors, prior to joining the Alaska sovereign wealth fund. Prior to founding that firm, Scott was CEO and CIO of hedge fund Tahoma Partners, and formerly managed a $60 billion absolute return portfolio for Microsoft Corp.
"Jeff’s background in risk management, alternative investments, and his personal leadership qualities are truly exceptional,” Wurts CEO Jeff MacLean said. “Conventional wisdom needs to be challenged in how we allocate assets and manage risk in portfolios. Jeff’s well established background and thought leadership will help Wurts & Associates redefine how institutional investors should allocate their assets relative to liabilities and objectives."
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…