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.

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