Friday, 19 December 2014
Last updated 4 hours ago
Dec 22 2005 | 7:26pm ET
The board of the $400 million New Orleans Employees Retirement System will meet on Feb. 8 to discuss which investment priorities to address in 2006. Jerry Davis, chairman, said the board will look at its hedge fund and fixed-income allocations, reviews that were put off because of Hurricane Katrina.
Davis said the plan will opportunistically look at hedge fund investments, most likely fund-of-funds, though it will also continue to look at individual funds. He said any interested managers should contact him, preferably by e-mail, at email@example.com.
The plan currently invests in core fixed-income and will look at additional strategies to help improve returns, including bank loans and credit card loans. Morgan Stanley serves as the plan's consultant.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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