Wednesday, 1 April 2015
Last updated 7 hours ago
Apr 4 2012 | 2:23am ET
Two weeks after picking its first hedge fund manager, the London Borough of Camden's pension fund has finally made public the winner of the £50 million mandate.
The £994 million (US$1.59 billion) plan picked BlueCrest Capital Management from an initial list of 54 possible managers, Professional Pensions reports. The London-based firm topped four other finalists: Aurum Funds, Blackstone Group, Brevan Howard Asset Management and Prisma Capital Partners.
"BlueCrest's bid was very impressive, in a large and good quality field," Peter Brayshaw, the head of the Camden borough council's pension fund subcommittee, said. "I look forward to the benefits this new mandate will bring by diversifying the fund asset base in the current financial climate."
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…