Thursday, 18 December 2014
Last updated 14 hours ago
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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