Wednesday, 28 January 2015
Last updated 12 hours ago
Mar 15 2011 | 2:45am ET
Hedge fund adviser Aksia has received a temporary reprieve from the Ohio School Employees Retirement System.
The $9 billion pension has extended the firm's contract through at least the end of the year; it had been up for renewal on Aug. 15. Instead, Aksia will continue to serve as its hedge fund consultant until it conducts contract review requirements next year, a process which Aksia will be permitted to take part in.
SERS said it decided to postpone the hedge fund consultancy review until after it completes its general consultancy review; the pension's current general consultant is Summit Strategies.
"We didn't want to do these two searches at the same time," spokesman Tim Barbour told HFMWeek.
SERS allocates 15% of its assets to hedge funds.
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…