Wednesday, 6 May 2015
Last updated 5 hours ago
Aug 20 2008 | 9:08am ET
The Massachusetts Pension Reserves Investment Management Board has made $540 million in allocations to three portable alpha fund of hedge funds managers as part of a strategic shift.
The plan hired Blackstone Alternative Asset Management to run $200 million, and allocated $170 million each to Austin Capital and EIM. The new portable alpha money comes from its domestic equity program.
MassPRIM fired five domestic equity managers, which had run $1.8 billion for the pension, earlier this month. It also terminated Bridgewater Associates, which had managed a $591 million global inflation-linked bond portfolio. MassPRIM denied two Bridgewater requests, one to adopt a pure alpha strategy for the portfolio, and another to wind down the portfolio over a 12-month period.
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…