Ocers Ups Allocation To BlackRock

Jun 22 2011 | 10:11am ET

The Orange County Retirement System must be pleased with the results of its investments with BlackRock Alternative Advisors: the $8.7 billion retirement system has placed another $10 million with the firm, reports HFMWeek.

Citing Ocers’ most recent financial statement, HFMWeek says the move brings the system’s total allocation to BlackRock to about $191 million and follows another $10 million allocation in March.

Ocers is currently conducting two hedge fund searches, seeking to place about $150 million with a fund of funds manager and another $150 million with separate account absolute return managers.

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