Friday, 22 May 2015
Last updated 2 hours ago
Jun 14 2011 | 2:01am ET
The San Diego County Employees Retirement Association is poised to add a prominent commodities hedge fund to its real assets portfolio.
The $8 billion public pension's investment staff has recommended a $50 million investment with RK Capital Management, which runs the Red Kite family of metals hedge funds. Specifically, SDCERA would invest in Red Kite's Mine Finance Fund, HFMWeek reports.
That fund, launched three years ago, returned 19.3% last year.
RK was founded in 2004 and is one of the world's leading metals-focused hedge funds.
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…