Tuesday, 4 August 2015
Last updated 2 hours ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…