Monday, 25 May 2015
Last updated 2 days ago
Nov 6 2013 | 10:34am ET
British corporate pensions added billions of pounds to their hedge fund investments last year, according to a new report.
U.K. pension schemes had £58.2 billion invested in hedge funds at the end of March, according to the Pension Protection Fund, a government agency. That's £12 billion more than the at the end of March 2012.
The report does not indicate how much of the increase was due to inflows, and how much to performance. But with hedge funds gaining in the mid-single digits last year, a substantial amount of the gain is likely new capital.
All told, British corporate pensions now entrust 5.2% of their £1.1 trillion in asets to hedge funds.
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…