Friday, 3 July 2015
Last updated 2 hours ago
Apr 6 2010 | 1:50pm ET
The San Bernardino County (Calif.) Employees’ Retirement Association is going to take its time hiring a team of long/short equity hedge funds.
The $5.1 billion pension has extended the search period for the five or six mandates until April 30, Pensions & Investments reports.
San Bernardino plans to award the mandates of between $25 and $30 million apiece—a total of $150 million—this summer. The allocations will be the pension’s first in equity long/short hedge funds.
Interested parties are directed to contact the pension’s investment consultant, NEPC; San Bernardino has not issued a request for proposals. The pension has said it is seeking high-alpha managers.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…