Thursday, 26 March 2015
Last updated 11 min ago
Jun 30 2006 | 3:12pm ET
The $50 million City of St. Louis Employees Retirement System has earmarked $25 million for fund-of-hedge funds. Mary Lou Mullen, employee benefits manager, said the plan will have consultant Summit Strategies Group conduct a shortlist search and present three or four managers to the board.
The plan has not discussed where the funding for the new allocation will come from, and those decisions will likely come after the board alters its investment guidelines and policies to allow for alternatives —an action likely to be completed at either the July or August board meeting.
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…