Thursday, 7 May 2015
Last updated 12 hours ago
Sep 13 2013 | 10:53am ET
The California State Teachers' Retirement System has hired Hermes Fund Managers to fill a commodities mandate.
Hermes will be one of two commodities managers at the $150 billion public pension fund, the second-largest in the U.S. CalSTRS has not settled on a second manager, Reuters reports.
Hermes and the second manager will split $150 million.
CalSTRS first approved a commodities allocation three years ago, and had considered investing as much as $2.5 billion as an inflation hedge.
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…