San Bernardino Searches for Energy, Distressed Debt Hedge Funds

Feb 28 2007 | 3:06pm ET

The $5.7 billion San Bernardino (Calif.) County Employees Retirement is currently conducting invitation-only searches, via its consultant, New England Pension Consultants, for an energy hedge fund and a distressed debt shop, according to spokeswoman Danielle DePalma. The system is allocating $40 million to its energy mandate and $45 million to its distressed debt mandate.

The system’s board last month approved a $50 million allocation to Sterling Stamos—the investment firm headed by New York Mets owner Fred Wilpon—for a fund of credit hedge funds mandate.


In Depth

Direct Lending: What’s Different Now?

Mar 14 2017 | 8:43pm ET

Senior direct lending funds have become riskier over the past four years, with leverage...

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