Saturday, 18 April 2015
Last updated 12 hours ago
Dec 7 2011 | 1:52am ET
Massachusetts' main public pension fund completed its first round of direct hedge fund investments, picking 10 managers to run a total of $245 million.
The Massachusetts Pension Reserves Investment Management board handed a $30 million mandate to Ascend Capital and a $15 million mandate to Glenview Capital Management. Eight others received $25 million mandates: Brigade Capital, Capula Investment Management, Davidson Kempner Capital Management, Highfields Capital, Indus Capital Partners, Pershing Square Capital Management, Samlyn Capital and Winton Capital Management.
The second set of hires follows the October selection of 11 hedge funds to run $280 million. The $48 million public pension that month invested $30 million with Viking Global Investors and $25 million each with Anchorage Capital Group, Arrowgrass Capital Partners, BlueCrest Capital Management, Brevan Howard Capital Management, Claren Road Asset Management, Elliott Management, Taconic Capital Advisors and York Capital Management.
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…