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.
Mar 17 2014 | 9:30am ET
“Transparency” has become a touchstone for investors in the post-Madoff world but, according to Carl Lingenfelter, chief administration officer at Northern Trust Hedge Fund Services, it's a concept that has evolved over the past five years from fraud protection to risk management to investment performance. Read more…
Mar 10 2014 | 11:33am ET
A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…