Worcestor Seeks Portable Alpha

Nov 30 2007 | 10:22am ET

One month after issuing a request for information on direct private equity investing, the board of the $710 million Worcester (Mass.) Retirement System is further expanding its foray into alternatives. This time around, the system has issued a proposal for portable alpha strategies that employ diversified funds of hedge funds as the “alpha engine.”

The system intends to fund the portable alpha strategy with approximately $5 million to $15 million. The deadline for the request for proposals, which will be available after Dec. 6 at Meketa Investment Group’s Web site, is Jan. 11.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.