Calif. Pension Eyes Four Event-Driven Managers

Oct 25 2012 | 10:43am ET

A nearly $10 billion California pension fund is preparing to make an event-driven hedge fund buy.

The Orange County Employees Retirement System yesterday heard from the four hedge funds it plans to hire for its event-driven allocation. OCERS plans to make an initial allocation of 4% of its direct hedge fund program to the four, with a maximum allocation of 8%.

The $9.6 billion public pension fund's board has recommended the hire of Archer Capital Management, Beach Point Capital Management, Perry Capital and Venor Capital Management.


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With NFL season on the horizon, it’s time to take a look at our Fantasy Football value picks. Last year, we nailed it on Drew Brees, Jordan Howard, Frank Gore and Dwayne Allen. We missed pretty badly on Duke Johnson, Demaryius Thomas, Mohammed Sanu and Eli Manning.