Saturday, 28 March 2015
Last updated 12 hours ago
Aug 3 2007 | 11:53am ET
The head of the New Jersey Division of Investment last month recommended to the state investment council allocations totaling $225 million to a trio of single-strategy hedge funds and funds of funds.
William Clark proposed a $75 million commitment to equity long/short fund Glenview Institutional Partners, managed by $7.2 billion shop Glenview Capital. The fund employs deep, bottom-up, fundamental analyses of companies with market capitalizations in excess of $1 billion and primarily invests in U.S. equities with some exposure to European equities as well, according to an internal memo. It also invests in high yield bonds.
Additionally, he proposed investments in two funds of hedge funds: an additional $100 million commitment to its existing separate account managed by the Rock Creek Group and another $50 million commitment to its existing Goldman Sachs Hedge Fund Strategies separate account.
The system made initial allocations of $250 million to Goldman Sachs and $150 million to Rock Creek last year. At its Oct. 2006 meeting, it proposed a $50 million investment in the Rock Creek Partners Fund, which was established to seed emerging managers. The system’s agreement with Rock Creek was to withdraw any money from the original separate account.
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…