Ohio PERS Hands $170 Million To Graham, Scopia

Oct 1 2012 | 6:38am ET

Ohio's civil servants have entrusted $170 million to a pair of hedge funds, boosting their pension's total exposure to the space above 3% of assets.

The Ohio Public Employees Retirement System committed $120 million to Graham Capital Management's Global Investment Fund-Discretionary 6V, a global macro vehicle, and $50 million to Scopia Capital's PX long/short equity fund. The pension was assisted in the searches by hedge fund consultant Cliffwater, Pensions & Investment reports.

The new commitments bring the $76.4 billion pension's direct hedge-fund portfolio to $2.35 billion.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note