Sunday, 3 May 2015
Last updated 1 day ago
Dec 19 2011 | 12:13pm ET
London's local government authorities have turned their attentions to hedge funds. Their money could soon follow.
Each of London's 32 boroughs has a pension fund; combined, the pensions have some US$31.5 billion in assets. But while only nine of the pensions currently invest in either hedge funds or funds of hedge funds, both the number of investing pensions and the amount they invest in the asset class could be growing next year.
Already, two boroughs, Camden and Waltham Forest, have made plans to invest next year, HFMWeek reports. Others are mulling a first foray into hedge funds, as well.
In doing so, the borough pensions are following the lead of Enfield, which has invested in hedge funds since 2007. Enfield currently has US$184.4 million invest in six hedge funds, some 28.5% of the total hedge fund investments for all the London boroughs.
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…