Thursday, 30 October 2014
Last updated 24 min ago
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.