Tuesday, 13 October 2015
Last updated 19 hours ago
Jul 20 2007 | 10:46am ET
The $12.5 billion Ohio Police & Fire Pension Fund is in its initial phase of searching for market neutral long/short managers as the fourth and final leg of its portable alpha program.
Since 2005, the system’s portable alpha program has allocated or committed $100 million each to active currency managers Mellon Capital Management and FX Concepts, approximately $315 million to global macro managers Bridgewater Associates and AQR Capital Management and $235 million to derivatives-based enhanced equity manager Western Asset Management.
“This is the fourth step in our portable alpha program that do include some hedge funds but not exclusively,” said spokesman Dave Graham. “Our target is to have the portable alpha strategy total 10% of our portfolio, which is currently $12.5 billion, and we hope to issue that at some point within the next few months but nothing has been developed yet. We’re not only waiting for board approval but what goes into the RFP and the specific details of what the search will be.”
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…