Saturday, 31 January 2015
Last updated 22 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…