Ohio Pension Adds Three Hedge Funds

Aug 20 2012 | 11:58am ET

The Ohio Public Employees Retirement System has added $300 million in investments to its $2.18 billion hedge fund portfolio.

The $73 billion public pension fund hired Gracie Asset Management, Highline Capital Partners and Third Point. Each hedge fund received $100 million, Pensions & Investments reports.

PERS picked Gracie's Credit Opportunities Fund, a long/short vehicle managed by Highline and Third Point's event-driven Partners Qualified fund.

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