Fla. Pension Invests $150 Million In Och-Ziff

Aug 23 2012 | 3:37am ET

The Florida Board of Administration has entrusted $150 million of its pension assets to Och-Ziff Capital Management, joining at least three other state pension funds in betting on the New York hedge fund giant.

Florida made its investment on July 31, it said. The Board has $1.4 billion invested in hedge funds.

Och-Ziff also counts state pension funds from California, Massachusetts and New Jersey as clients. Like the Sunshine State, the Garden State's Division of Investment is also new to the firm, having committed $600 million late last month.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of