Tuesday, 21 April 2015
Last updated 3 hours ago
May 20 2008 | 11:29am ET
The $25.9 billion Connecticut Retirement Plans and Trust Funds is looking to learn all it can about the 130/30 space through its consultant, Mercer.
Mercer representatives were on hand last month at the plan’s investment committee meeting to present an session on active extension strategies for the plan’s traditional asset classes. According to minutes of the session, Mercer explained the objective, execution and implementation of the strategy to the plan and explained the difference between 120/20 and 130/30 strategies.
During the session, Treasurer Denise Nappier noted that 130/30s are an evolving strategy in the institutional marketplace for pension funds, and that institutional managers are experienced, have multiple strategies, and typically manage more assets than hedge fund managers. Rashid Assan of Mercer also noted that long-term tracking records are inconclusive for the fledgling strategy.
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…