San Bernardino Looks At Credit Hedge Fund Zais

Dec 17 2010 | 12:41am ET

A California public pension fund may add a new credit hedge fund to its stable. The San Bernardino County Employees' Retirement Association is considering the award of a separate account mandate to the Zais Group.

Zais, which manages $8 billion in distressed and illiquid debt hedge funds, recently moved a big chunk of its assets into a Luxembourg-domiciled separate account structure, HFMWeek reports. The accounts had previously been held in the Cayman Islands.

SBCERA may invest $30 million with the New Jersey-based fund, just a couple of months after investing $80 million in two other credit hedge funds.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of