Saturday, 28 May 2016
Last updated 1 day ago
Jun 18 2010 | 11:36am ET
The San Diego County Retirement Association will invest in $150 million in a pair of BlackRock hedge funds.
The $7 billion public pension fund yesterday approved the allocation to the global macro strategies, with $115 million going to the BlackRock Global Ascent Fund and $35 million to the BlackRock Emerging Markets Macro Fund.
SDCERA already invests with Brevan Howard Asset Management, Bridgewater Associates and Graham Capital Management. It’s also no stranger to the Global Ascent fund, having formerly invested in it through Barclays Global Investors’ multi-strategy fund of funds.