Saturday, 23 August 2014
Last updated 23 hours ago
Dec 15 2005 | 5:32pm ET
The $1.4 billion City of Miami Police & Fire Retirement Trust will begin searching in January for two additional private equity fund-of-funds managers to handle a total of $24-28 million in primary partnership portfolios.
Robert Nagle, administrator, said the plan hired fund-of-funds firms Coller Capital and Lexington Partners at its board meeting last week to handle $12-15 million each in secondary partnership portfolios. Landmark Partners was the other finalist in the recently completed search. The money will come from a rebalancing of the plan's portfolio.
The investments in private equity are the plan's first. Nagle said the board was looking to diversify and add more alpha and went with private equity because it was looking for equity-type investments, as opposed to fixedincome. The search is being conducted by Milliman and is expected to be completed in by the end of the second quarter.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note