Wednesday, 1 April 2015
Last updated 2 hours ago
Jun 26 2012 | 11:10am ET
Another London borough is making the leap into hedge funds.
The London Borough of Waltham Forest has approved a 5% allocation to hedge funds, its first in the space, HFMWeek reports. The move follows the London Borough of Camden's maiden hedge fund investments, which came in April.
Waltham Forest's pension fund committee created a panel to conduct its search for a hedge fund to fill the £25 million mandate.
The £500 million pension's hedge fund investment could grow. Waltham Forest is reviewing its global tactical asset allocation mandate with Nordea, which accounts for 3% of its assets. And it is also part of the U.K. Local Government Pension Scheme, which has begun to mull a move into hedge funds.
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…