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Bernstein previously managed money for wealthy individuals and pension funds.
He told him he managed money for many of Mr. Teeples's colleagues in Washington and Seattle.
He started the Endowment Fund in 2003 with Salient Partners, a Houston firm that managed money for wealthy individuals.
"You kind of just respond to their needs," Ms. Burns, who has managed money for 30 years, said.
Michael Steinrueck, 55, who managed money for institutions for 30 years before retiring, said he had about a third of his money in alternative energy.
The North Carolina state treasurer, Richard H. Moore, has ordered a thorough review of Alliance, which has managed money for the state's $56 billion retirement system since 1987.
Similar(41)
"I work harder than most hedge fund managers who manage money for us," she said.
"You can just buy more," says Alan Lancz, a wealth manager who manages money for about 70 wealthy families.
Those include longtime investors like Sanford I. Weill, its former chairman, and many large asset management and pension funds that manage money for ordinary investors.
Quebral, 41, is a group technology manager at Western Asset Management, a Pasadena firm that manages money for individuals and institutional investors.
Not managing money for the wealthy.
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