Friday, 9 October 2015
Last updated 10 hours ago
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.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…