Wednesday, 1 April 2015
Last updated 1 hour ago
Jun 2 2006 | 8:06pm ET
The $653 million Worcester (Mass.) Retirement System has issued an RFI for private equity managers and is considering an investment in multi-strategy hedge funds.
James DelSignore, chairman, said the fund is only considering direct investments in private equity and would like to invest up to $15 million with one or more firms. A copy of the RFI is available by contacting WorcesterPE2006@meketagroup.com. The deadline for responses is July 14. The plan's consultant is Meketa Investment Group.
DelSignore said that although the fund has not targeted a specific amount to be allocated to multi-strategy hedge funds, it plans to interview managers by September. Interested hedge funds should contact Meketa directly.
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…