Alberta Pensions Services pivots to new investment consultant
Alberta Pensions Services Corp., Edmonton, hired
Eckler Ltd. as investment consultant for the C$5.6 billion ($4.4 billion) Management Employees Pension Plan.
The corporation issued an RFP in August because of a trade agreement that requires the services be put up for bid every five years, said Heather Tkachuk, plan board director, at the time.
Incumbent consultant Ellement Consulting Group did rebid for the services, according to an award notice posted on Alberta s procurement website. Whether the RFP process had any finalists was not known.
Alberta Investment Management Corp. manages the assets of the pension plan.
Mike Novogratz backs volatility fund betting COVID-hit trade rebounds
Donal Griffin and Yakob Peterseil, Bloomberg News
The digital age is finally coming to finance: Novogratz on Bitcoin rally and IPO VIDEO SIGN OUT
Mike Novogratz, the billionaire Bitcoin investor, is wagering on volatility, a market thatâs still scarred from the COVID crash earlier this year.
Novogratz, 56, is among the backers of Millbank Dartmoor Portsmouth LLC, an investment fund founded by Wall Street veteran Dennis Davitt that seeks to have more than US$1 billion under management within the next 12 months. The firm will offer volatility-based strategies to investors such as pension funds and family offices, Davitt said in an interview including versions of the so-called short-volatility bets that imploded in March.
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