Ohio Schools Pension Cans Two, Hires Two Hedge Funds

Oct 2 2012 | 11:27am ET

The Ohio School Employees Retirement System has shaken up its hedge fund portfolio.

The $9.9 billion pension fund has terminated two hedge funds and replaced them with two others. Out are Lansdowne Partners and OMG Capital; in are Archer Capital Management and Nephila Capital.

Ohio School's new managers got $30 million each, Pensions & Investment reports. The pension picked Archer's offshore event-driven multi-strategy fund and Nephila's Triton event-driven reinsurance fund.

The new mandates were funded by redeeming $35 million from OMG's Opportunities Trading Fund and $23.4 million from Lansdowne's Global Financials Fund. Both redemptions were due to underperformance, Ohio Schools spokesman Tim Barbour told P&I.


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