Worcester Eyes Portable Alpha

Dec 22 2005 | 10:36pm 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

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...