Louisiana Police Add To Alts.

May 28 2014 | 9:50am ET

A Louisiana public pension is giving a boost to three of its alternative investment managers.

The Louisiana State Police Retirement System has doubled its allocation to fund of private equity funds Portfolio Advisors, from $10 million to $20 million, Pensions & Investments reports. It also reached its 5% fund of hedge funds target with follow-on investments of $5 million and $3 million, respectively, to Prisma Capital Partners and EnTrust Capital.

The new allocations give each fund about $15 million from the pension.

The investments were funded from cash. The system’s consultant, UBS Prime Asset Consulting, assisted.


In Depth

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Cash: An Asset In Adolescence

Aug 31 2017 | 3:34pm ET

If the investment industry has a rebellious teenager in the house today, that teenager...

 

From the current issue of