As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.
Tuesday, 24 January 2017
Last updated 52 min ago
Aug 16 2007 | 11:02am ET
The $2.4 billion Fresno County Employees’ Retirement Association has voted to allocate $110 million to a trio of private equity funds.
According to the minutes of the system’s July 18 meeting, FCERA’s investment board voted to allocate $70 million to fund of private equity funds shop Portfolio Advisors, which beat out Harborvest and Hamilton Lane for the mandate.
FCERA also allocated $25 million to Warburg Pincus on top of the existing $45 million the firm already manages for the pension fund.
Also, the system allocated another $15 million to New Mountain Capital on top of the $25 million it had previously invested with the firm.
The pension fund had a 5% allocation to alternatives as of the end of March.