Saturday, 23 May 2015
Last updated 19 hours ago
Apr 28 2006 | 3:00pm ET
The $4.4 billion Sacramento County (Calif.) Employees Retirement System may invest in portable alpha and enhanced equity strategies. Richard Stensrud, ceo, said the board will undergo an education on the strategies, probably over the next month or two. The fund currently has 5% allocated to hedge fund via a fund-of-funds. "Portable alpha is potentially in the mix," Stensrud said.
Regarding the enhanced strategies, Stensrud said the fund has a rather large passive portfolio and the education will help determine what type of variations will fit in with the portfolio. Jeff States, cio, told FINalternatives in January that the board will look at the strategies as early as the second quarter as a way to improve overall returns.
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…