Wisconsin Investment Board commits $1 4 billion to private equity, real estate pionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pionline.com Daily Mail and Mail on Sunday newspapers.
Los Angeles Fire & Police commits up to $95 million to alternatives funds
Los Angeles Fire & Police commits up to $95 million to alternatives funds
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Los Angeles Fire & Police Pensions committed up to $95 million to two alternative investment funds and added up to $17.5 million to two funds in which it had previously invested, a staff report on closed session actions for the $28.7 billion pension plan shows.
Plan officials committed up to $80 million to RREEF Core Plus Industrial Fund, an open -end industrial fund managed by
DWS Group; and up to $15 million to Avance Investment Partners, a buyout fund managed by
Avance Investment Management.
South Carolina discloses up to $495 million in commitments
South Carolina discloses up to $495 million in commitments
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South Carolina Retirement System Investment Commission, Columbia, disclosed up to $495 million in commitments for the $35.6 billion South Carolina Retirement Systems investment portfolio.
The commitments were made in March and April, according to board documents from its April 15 meeting.
The council committed up to $200 million to AxInfra NA II, an open-end core infrastructure fund focusing on North America managed by
Axium Infrastructure.
In private equity, the council committed up to $100 million to Stonyrock Alt Fund I, which acquires general partnership stakes predominately in middle-market firms in North America and is managed by
Small and Medium Scale Manufacturers in Edo State have decried the persistent hike in the prices of raw materials used in the production of some finished goods in the state.
Some of the manufacturers, who spoke with The Tide in separate interviews, in Benin yesterday, attributed the hike to the high cost of foreign exchange and low supply of raw materials.
They said that the hike in prices of production materials had caused increases in their cost of production, reduced output, increased prices of finished goods, as well as reduced patronage.
The Managing Director, IDDN Reliance International, manufacturers of polythene and polyester products, Mr Marshal Izebhijie, said that the price of Nylon bags had increased in the country due to high cost of raw materials.
Stanbic IBTC Bank stated this in its Purchasing Managers’ Index report for November 2020.
It stated that companies continued to raise purchasing activity and employment in line with rising new order inflows.
It said higher staffing allowed firms to reduce the level of outstanding business for the sixth month running, while vendor performance improved in November.
Meanwhile, firms remained optimistic about output in the year ahead with plans to upgrade software and expand operations often cited by firms.
Report said that the inflationary pressures remained marked on the price front.
It said overall input costs increased amid higher raw material costs and currency weakness.