Sunday, 1 February 2015
Last updated 1 day 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…