Tuesday, 31 March 2015
Last updated 13 min ago
Jan 24 2013 | 9:24am ET
The Oklahoma Police Pension & Retirement System has added Hoplite Capital Management to its direct hedge fund investment program.
The $1.9 billion plan has committed $7.5 million to the New York-based firm's Offshore Fund, Pensions & Investments reports. The commitment will be funded by the pension's redemption from fund of hedge funds Attalus Capital.
Hoplite, led by Viking Global Investors veteran John Lykouretzos, is the fifth hedge fund OPPRS has invested in, as it seeks to increase its direct hedge fund portfolio to between 12 and 15 managers overseeing $100 million by the end of the third quarter.
Hoplite was recommended by the pension's consultant, Asset Consulting Group, and by Grosvenor Capital Management, which both manages a $150 million fund of funds mandate of OPPRS and handles back-office and due-diligence matters for the direct portfolio.
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…