Ohio SERS To Hold Off On Hedge Fund Adviser Review

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.


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

Five Tips For Successfully Marketing Your Hedge Fund

Jan 30 2015 | 9:14am ET

When it comes to the hedge fund industry, the notion of “build it and it will...

 

Editor's Note