Wednesday, 6 May 2015
Last updated 18 hours ago
Dec 13 2006 | 3:51pm ET
The Los Angeles County Employees Retirement Association, a $36.7 billion public fund, last month issued a request for proposals for collateralized commodity futures strategies. Interested firms should be registered with the Securities and Exchange Commission and, as of Sept. 30, must have a minimum of $300 million in assets under management in the proposed product.
LACERA currently allocates 55% of its assets to domestic and international public equities, 6% to private equity, 29% to domestic fixed income and 10% to real estate. The fund’s board of investments recently approved an allocation of up to 3% in collateralized commodity futures, and it is anticipated that this 3% target will be achieved over a period of approximately three years with the initial investment totaling 1% of assets ($370 million). Prospective managers will be benchmarked to the Dow Jones-AIG Commodity Index. The deadline for responses is noon Pacific time on Dec. 22.
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…