Monday, 30 March 2015
Last updated 2 days ago
Feb 13 2012 | 4:50am ET
The Texas County & District Retirement System has added a pair of hedge funds to its portfolio, spending $305 million of $885 million recently set aside for the asset class.
The beneficiaries of the $17.7 billion pension's largesse are New York-based Asian Century Quest Capital and Rowayton, Conn.-based Graham Capital Management. The latter's Global Investment Fund received $175 million, while the former was allocated $130 million, HFMWeek reports.
Texas County & District has about $2.8 billion invested in 28 hedge funds. The system at the beginning of the year increased its target allocation to hedge funds to 25%, giving it about $1.6 billion more to play around with.
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…