Oklahoma Firefighters Ditch Cadogan For Attalus

Jan 25 2007 | 12:08pm ET

The $1.7 billion Oklahoma Firefighters Pension & Retirement System recently decided to allocate $50 million to fund of hedge funds manager Attalus Capital, according to Robert Jones, executive director.

Attalus was selected to replace Cadogan Management for a $50 million mandate, “based on uncertainties related to [Cadogan’s] merger with Fortis Investment Management,” said Jones.

Other funds of funds the system currently invest in include Grovesnor Capital Management ($75 million) and Private Advisors ($87 million). The system has also been invested in Pequot Capital since August 2000, but since then its consultant, Asset Consulting Group, has advised its board to seek greater diversification within the fund of hedge funds universe, according to Jones. He added that the system has never invested in private equity funds because “the board has traditionally gravitated toward greater liquidity,” and has no plans to invest in private equity going forward.


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...