Tuesday, 31 March 2015
Last updated 7 hours ago
Oct 22 2008 | 9:51am ET
The €59 million (US$78 million) Umicore Pension Fund has reportedly cut its allocations to hedge fund by two-thirds, from 6% to 2%, since last September following poor returns in the asset class.
Luc Crabbé, benefits manager for Belgium and Northern Europe, said the fund scaled back its investments in hedge funds up because of “incredibly bad returns”, MandateWire reports.
The fund started investing in hedge funds last September and has not as yet invested in any other alternative asset classes.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…