Thursday, 7 May 2015
Last updated 10 hours ago
May 7 2008 | 12:12pm ET
The $782 million San Luis Obispo County (Calif.) Pension Trust last month unveiled its new asset allocation mix, which should give hedge fund and private equity managers a few million reasons to smile.
The pension trust is making a foray into the alternatives asset class with a 5% allocation each to hedge funds, buyout/venture and commodities funds. At the same time, it is scaling down its large-cap U.S. equity portfolio from 32% to 26%, small- and mid-cap U.S. rquity from 10% to 9%, international large-cap equity from 12% to 11%, international small-cap equity from 4% to 3% and U.S. core fixed-income from 25% to 15%.
In addition, the pension trust will begin four separate searches for infrastructure, p.e., fund of hedge funds, and commodities managers. Consultant Wurts and Associates will be given full discretion on the pension’s manager selection.
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…