San Bernardino Searches for Energy, Distressed Debt Hedge Funds

Feb 28 2007 | 4:06pm 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.


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With NFL season on the horizon, it’s time to take a look at our Fantasy Football value picks. Last year, we nailed it on Drew Brees, Jordan Howard, Frank Gore and Dwayne Allen. We missed pretty badly on Duke Johnson, Demaryius Thomas, Mohammed Sanu and Eli Manning.