Ohio Pension Seeks Hedge Fund Consultant

The Ohio Public Employees Retirement System recently upped its target allocation to hedge funds, and needs a little help filling it.

The $65.7 billion public pension fund has issued a request for information for a hedge fund consultant. OPERS is expected to hire as many as 23 hedge funds to run $2 billion, following its decision to split its 3% opportunistic/hedge fund allocation to 3% for hedge funds and 2%for opportunistic funds.

Candidates have until Sept. 10 to respond to the RFI, which is available on the pension’s Web site. Interested advisors must be registered with the Securities and Exchange Commission and have senior members with at least five years experience.

Finalists will be selected in October, with a winner to be picked in November.