Ohio Schools Pension Increases Direct Hedge Fund Investments

Apr 19 2010 | 4:51am ET

The Ohio School Employees Retirement System will boost its direct hedge fund investments by 50%, enriching its current managers by almost $300 million.

The $9.5 billion public pension plans to increase the size of its direct hedge fund investing program to 9% from 6%, Pensions & Investments reports. Most, if not all, of the new money will go to the more than 30 hedge funds already in the system’s employ, among them Bridgewater Associates, King Street Capital and Viking Global Investments.

But OSERS, which last month boosted its hard-cap target for hedge funds to 15% of assets, will consider adding new managers to its stable. The system’s consultant, Askia, is assisting in the new investment plan.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...

 

FINalternatives Trending

From the current issue of