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.


In Depth

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note