Wednesday, 1 April 2015
Last updated 5 hours ago
May 25 2012 | 3:19am ET
The Fort Worth Employees' Retirement Fund is poised to add a pair of hedge fund strategies to its lineup.
The $1.7 billion Texas public pension is in the final stages of adding the strategies, HFMWeek reports. Allocations to an emerging markets relative value credit hedge fund and a global macro emerging markets hedge fund are expected in August.
The new investments will help push Fort Worth towards its 20% hedge fund target. It currently has $305 million in hedge fund investments, just $35 million below its $340 million target.
Fort Worth last year hired an event-driven hedge fund, and also employs long/short, relative value and macro/directional managers.
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…