Worcester Eyes Portable Alpha

Dec 22 2005 | 11:36pm ET

The Worcester (Mass.) Retirement Board is in early discussions of a possible investment in portable alpha strategies.

James DelSignore, chairman of the $666 million plan, said its consultant, Meketa Investment Group, has been looking at the strategy for some time, however the plan cannot invest in portable alpha until the Public Employee Retirement Administration Commission, which provides oversight, guidance, monitoring and regulation of state plans, approves it first. DelSignore said he does not know the timeframe of a decision by PERAC. Worcester is leaning toward a conservative portable alpha investment, such as market-neutral.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

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

Star Mountain Capital: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of