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.


In Depth

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Artivest Announces Funding Round Led by KKR & Co.

May 4 2015 | 9:56am ET

Artivest, a startup that provides individual investors with access to private equity...

Guest Contributor

Starting a ‘40 Act Fund Family? Don’t Forget Your Board

Apr 30 2015 | 7:18am ET

The convergence of the hedge fund and mutual fund worlds continues unabated, as...

 

Editor's Note