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Jacksonville City Retirement eliminates target to MLPs


Jacksonville City Retirement eliminates target to MLPs
Pension fund also moves to boost targets to emerging market, international equities
The downtown skyline at sunrise in Jacksonville, Florida USA on July 14th, 2020.
Jacksonville (Fla.) City Retirement System eliminated its target to master limited partnerships and increased its targets to international developed and emerging markets equities, following an asset allocation study.
The $2.5 billion pension fund s board approved the elimination of the 3% target to MLPs at its March 25 meeting, recently released meeting minutes show.
The board also approved increasing its targets to international developed markets equities to 16% from 14% and emerging markets equities to 7% from 6%, according to the minutes. ....

Joey Greive , Harvest Fund Advisors , City Retirement System , Tortoise Capital Advisors , நகரம் ஓய்வு அமைப்பு ,

Private-equity exec pays $10.9 million for landmarked Palm Beach house


Sandeep Alva of Onex Falcon buys 4 Golfview Road from trust linked to financier David Martinelli.
Darrell Hofheinz
Palm Beach Daily News
Investment manager David Martinelli has sold, via a deed recorded at $10.9 million, the renovated landmarked house he bought through a trust in 2016 at 4 Golfview Road.
Private-credit-financing specialist Sandeep Alva bought the 1922 house with four bedrooms and 5,207 square feet of living space, inside and out, according to the deed recorded Tuesday.
The house stands on a private road immediately south of Worth Avenue and directly across from the Everglades Golf Course.
Alva founded Falcon Investment Advisors of Boston and New York. In December, his company was acquired by the Toronto investment firm Onex Corp. and is now known as Onex Falcon. Alva serves as its managing director and co-head, according to its website.  ....

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