Monday, 30 March 2015
Last updated 37 min ago
Nov 6 2007 | 2:12pm ET
The Los Angeles County Employees Retirement Association is looking to add 130/30 strategies to its alternatives portfolio. The $42 billion public pension fund has issued a request for information for large-cap U.S. equities managers in the space.
Firms interested in getting a slice of the public pension fund must be registered with the Securities and Exchange Commission, have been around for at least seven years as of the end of September, have at least $750 million in assets under management across all 130/30 strategies and the proposed product must be benchmarked to either the Standard & Poor’s 500 Index or the Russell 1000 Index in addition to having at least a one-year performance history as of the end of September.
The deadline for the RFI, which can be accessed on LACERA’s Web site, is Dec. 3 at 3 p.m. Pacific time.
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…