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

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note