Sunday, 29 March 2015
Last updated 1 day ago
Sep 28 2012 | 11:50am ET
A Nebraska pension fund has given up on hedge funds.
The Lincoln Fire and Police Retirement System has decided to pull out of the asset class. The $168 million public pension therefore terminated JPMorgan Asset Management, which had been running a fund of hedge funds portfolio for Lincoln, Pensions & Investments reports.
The $9.6 million proceeds of the pension's JPMorgan redemption were invested in Invesco's Balanced-Risk Allocation Fund.
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…