Ohio Pension Picks Three Funds Of Funds For $750M Mandate

Oct 29 2010 | 1:45am ET

The Ohio Public Employees Retirement System has sunk an additional $750 million into funds of hedge funds.

The $71.6 billion public pension fund awarded a trio of $250 million mandates, two to new managers and one to an existing manager. The latter is Pacific Alternative Investment Management, which now manages $304 million for the system, the former are K2 Advisors and Prisma Capital Partners, Pensions & Investments reports.

All three are expected to be funded by the end of the year, from the pension's domestic equity protfolio. OPERS recently boosted its hedge fund allocation to $804 million.

Another fund of funds, Crestline Investors, was terminated. That firm had managed $50 million for OPERS.


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