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

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of