Thursday, 26 February 2015
Last updated 2 hours ago
Jun 15 2007 | 10:43am ET
The $3.4 billion Detroit General Retirement System has allocated a total of $30 million to three hedge fund managers. The system awarded Guidance Capital, Entrust Capital and RLJ Asset Management $10 million each.
The three new mandates give Detroit more exposure to debt (Guidance), equities (Entrust) and other hedge funds (RLJ). The system currently has 5% of its assets in alternative investments.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…