Friday, 28 November 2014
Last updated 10 hours ago
Apr 2 2007 | 11:29am ET
The $7.3 billion Orange County Employees Retirement System is making its first foray into the hedge fund via fund of funds. The system will issue a Request for Information for a hedge fund of funds manager sometime within the next few months, according to Shanta Chary, Orange County’s chief investment officer.
“There was an increase in allocation to the absolute return strategy from 5% to 7% [at last month’s board meeting],” said Chary. “The allocation allows for greater diversification and provides different sources of return for the overall portfolio. The return targets have not been yet approved, but will be low volatility.”
Chary added that the system is looking to allocate between $150 million to $200 million to an unspecified number of managers and it will be at least a month before the RFI goes out.
The system currently also has a 5% allocation to private equity fund of funds managers and is not to looking to increase this allocation, said Chary.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
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