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

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note