Calif. Pension Pushes Back Equity Long/Short Due Date

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.


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note