Wednesday, 1 October 2014
Last updated 6 hours ago
Mar 6 2008 | 1:00am ET
The $120 million Plymouth (Mass.) Retirement Board has issued a request for proposals for active management of its portfolio utilizing a manager of managers strategy.
“Right now we have a consultant, Segal Advisors, that makes suggestions and implements what our board wants to do but our board really has the fiduciary responsibility right now,” said a source within the fund. “What they’re looking for is a company that will take that responsibility away and do it themselves such as redistributing that entire fund.”
Plymouth currently has 5% of its portfolio allocated to hedge funds and private equity funds.
The deadline for the RFP, which can be accessed on the Public Employee Retirement Administration Commission Web site, is March 31.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…