Worcester Talks Private Equity

Mar 3 2006 | 1:00am ET

The $666 million City of Worcester (Mass.) Retirement System has begun discussing how to construct a search process for a private equity manager. Chairman James DelSignore said he thinks that searching for a private equity manager is more difficult than searching for a traditional manager and added that the board’s consultant, Meketa Investment Group, will probably conduct a shortlist of candidates instead of issuing an RFP.

Calls to John Haggerty of Meketa were not returned by press time. Meanwhile, the board is in ongoing discussions regarding portable alpha vehicles, including hedge funds, funds-of-funds and multi-strategy funds. DelSignore said a possible search is several months away. The plan decided to investigate investments in the asset class after MassPRIM issues an RFP for portable alpha in April. “Once the state moves first, we will follow,” he said. 


In Depth

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Cash: An Asset In Adolescence

Aug 31 2017 | 3:34pm ET

If the investment industry has a rebellious teenager in the house today, that teenager...