Thursday, 30 October 2014
Last updated 1 hour ago
Mar 30 2012 | 12:20pm ET
The Ohio Public Employees Retirement System has begun to deploy the $3 billion it plans to invest in hedge funds this year.
The $76 billion public pension fund added Ascend Capital Partners and Canyon Capital Partners to its hedge fund portfolio, the former receiving $80 million and the latter $90 million. The hirings follow those of Winton Capital Management and BlueCrest Capital Management in January, with those funds splitting $125 million.
OPERS aims to add $3 billion to its hedge fund portfolio by the end of the year, having doubled its target allocation to the sector to 6% in January. Consultant Cliffwater Associates is conducting due diligence on several other hedge funds which could be hired over the next several months, HFMWeek reports.
Indeed, the first four new hires could be just the appetizer for OPERS: The plan could award mandates of as much as $400 million to individual funds of hedge funds and $200 million per direct investment.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.