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

Electronifie: Better Bond Trading

May 11 2016 | 3:03pm ET

Technology has revolutionized countless aspects of investing and trading, but the...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...