OCERS Ups BlackRock Investment

Mar 24 2011 | 11:22am ET

The Orange County Retirement System has awarded an additional $10 million to a BlackRock fund of hedge funds as it continues a pair of other searches.

The $8.7 billion public pension fund now has $165 million invested with BlackRock, one of two funds of funds it uses. OCERS also invests in Bridgewater Associates.

Meanwhile, the system is moving forward with two new alternatives searches, one for another fund of funds manager and the other for one or more absolute return separate accounts, HFMWeek reports. Each search is expected to result in a $150 million mandate.

OCERS' consultant, Callan Associates, will whittle the pension's choices down to four candidates for each mandate.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of