Ohio School Employees System Seeks Hedge Fund Advisor

Jun 23 2011 | 8:15am ET

The Ohio School Employees Retirement System is looking for a specialist hedge fund consultant.

System spokesman Tim Barbour told Pensions & Investments the $10.2 billion fund would post an RFP on its website by the end of June.

The system’s contract with its current hedge fund consultant, Aksia, originally expired in August 2010. That deal has been extended twice and is now scheduled to end on December 31, 2011.

According to the system’s internal rules, contracts must be put out for bids every five years and the Aksia contract is approaching that limit. Aksia can re-bid.

As of the end of 2010, the system had $1.3 billion invested in single and multi-strategy hedge funds.

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