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Tortoise Wins Denver's $40M Energy Mandate
03-12-2010 | Source: emii.com
People & Companies in the News
Denver Employees Retirement Plan has appointed Tortoise Capital Advisors for its energy portfolio, Pensions & Investments reports. The Leawood-based firm will manage the system’s $40 million energy infrastructure master limited partnership.
The other bidders for the mandate were Kayne Anderson Capital Advisors and Harvest Fund Advisors. The plan sought the assistance of Summit Strategies, general consultant. The new portfolio will actively oversee publicly traded stocks of limited-partnership companies that operate mostly energy pipelines for both natural gas and oil in the U.S.
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