Tuesday, 29 July 2014
Last updated 13 hours ago
Mar 10 2006 | 12:00am ET
The $57 million Massachusetts Housing Finance Agency Employees Retirement System has committed up to $3 million to Goldman Sachs Private Equity Group’s new fund-of-funds.
John Doherty, executive secretary of the plan, said the board made the hire to diversify its portfolio. Funding for the commitment will come from the plan’s surplus and reallocation of its other portfolios. No managers will be terminated, Doherty said. The funding will be completed soon because the fund-of-funds is not in full operation yet.
Meketa Investment Group assisted. A spokeswoman at GS declined to comment on the allocation.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…