Sunday, 28 December 2014
Last updated 3 days ago
Nov 16 2010 | 12:49pm ET
The San Diego County Employees Retirement Association may shake up its alternative investments portfolio at its board meeting on Thursday.
The $6.85 billion public pension plan is considering $85 million in new commitments, one each to a hedge fund, a private equity fund and a co-investment fund. San Diego may also move $50 million currently invested in Graham Capital Management's discretionary hedge fund into a quantitative global macro fund, KD4, managed by the same firm.
The system may add the Baring Asia Private Equity V fund to its portfolio with an initial mandate of $50 million to $60 million, Pensions & Investments reports. It may also add $50 million to Bridgewater Associates' Pure Alpha Major Markets Fund on top of the $56.8 million it already has with Bridgewater.
The third commitment could be to the Drug Royalty II Co-Investment Fund, which could get an additional $25 million to add to the $25 million San Diego invested in February. The investment would actually be made through Man Group's RMF2 Feeder Fund.
Graham Capital's discretionary hedge fund currently manages $300 million for San Diego.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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