Monday, 4 May 2015
Last updated 1 hour ago
Jun 5 2008 | 2:00am ET
The Susquehanna County (Pa.) Retirement Board has doubled its allocation to hedge funds, charging its consultant with researching where it should put its money.
At a May 28 county commissioners meeting, the pension fund’s board elected to boost its hedge fund allocation from 5% to 10%. Its consultant, the Seneca Group—which credited its current hedge fund investment with the pension’s outperforming similar public plans—will offer recommendations on which hedge funds the board should consider its next quarterly report. The board may then reallocate immediately, or postpone the move until the end of the year.
Susquehanna County’s entire 5% allocation is currently with the Hatteras Fund, a closed fund of hedge funds.
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…