Friday, 9 October 2015
Last updated 6 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.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…