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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...