Wednesday, 24 August 2016
Last updated 3 hours ago
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.