Ohio SERS To Enter Hedge Space Through Front Door

Jun 6 2007 | 4:52pm ET

The $11.7 billion School Employees Retirement System of Ohio is in the midst of hiring its first hedge fund consultant. The system is currently mulling over a list of eight candidates and will recommend to its board a finalist at its investment committee meeting next month, according to Judi Masri, equities investment officer.

Masri said the length of the contract has not been determined but will be ironed out once the board approves the finalist. After hiring a consultant, the system will begin deliberating on direct investments in hedge funds of between $450 million and $500 million, she said, adding, “our board has given us up to a maximum of 10% of our total assets under management.”

“We’re leaning toward the direct route, which is why we’re looking for a hedge fund consultant to help us,” she said.

On the private equity front, the system currently has 3% of its total assets allocated to that asset class but its board in February approved increasing that allocation to 7%.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR