Tuesday, 5 May 2015
Last updated 2 hours ago
Mar 31 2006 | 12:00am ET
The $209 billion California Public Employees Retirement System may create an emerging hedge funds program in the next six to nine months, according to a portfolio manager at the fund. Kurt Silberstein, portfolio manager for Absolute Return Strategies at CalPERS, attending the GAIM Asia 2006 conference on alternative investments in Hong Kong, told Dow Jones Newswires that the program would invest in startup hedge funds worldwide.
“Studies show the best performance comes from the younger hedge funds, those between one to three years old, usually below $500 million,” he told the news agency. “The idea is to capture that performance by investing in those funds at an early state in their cycle.” Clark McKinley, spokesman for the plan, said he was aware of the article but could not provide confirmation on the comments or any additional information.
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…