Ohio PERS Welcomes Hedge Funds With Risk Parity RFP

Apr 19 2012 | 11:01am ET

Hedge funds are being asked to compete for the Ohio Public Employees Retirement System's new $450 million risk parity mandate.

The $73 billion public pension fund issued a request for proposals for the mandate yesterday. Interested managers have until the end of the month; OPERS plans to hire as many as five.

"OPERS may engage four to five investment managers with an allocation of $70 to $90 million each to manage using a risk parity approach," the pension wrote in the RFP. Hedge funds with at least $500 million in assets and a three-year track record are welcome to apply.

The possibility of hedge fund mandates in the risk-parity program follows OPERS' decision to invest an additional $3 billion in hedge funds by the end of this year.


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