Tuesday, 31 March 2015
Last updated 1 min ago
Jul 25 2011 | 1:11pm ET
The Arizona Public Safety Personnel Retirement System, already in for more than $250 million in new hedge fund allocations this year, is looking into another.
The $6.9 billion public pension's board will discuss investing in Pacific Alliance Group's Asia Opportunity Fund at its July 27 meeting, HFMWeek reports. The pension is still considering a $50 million investment in PAG's Special Situations Fund.
PSPRS is mulling a $40 million mandate for the Asia fund.
The pension is also to consider its investment in FrontPoint Partners' flagship Multi-Strategy Fund. According to the board's agenda, it will discuss "the liquidation of assets from the FrontPoint Offshore Multi-Strategy Fund." A decision on that front is unlikely to be necessary: FrontPoint, embroiled in an insider-trading scandal, has already decided to shutter and liquidate that fund and most of its other offerings.
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…