Wednesday, 30 July 2014
Last updated 13 hours ago
Oct 31 2012 | 11:08am ET
A Southern California public pension fund has formally hired four event-driven hedge fund managers.
The Orange County Employees Retirement System voted last week to award between $26 million and $51 million each to Archer Capital Management, Beach Point Capital Management, Perry Capital Management and Venor Capital Management, Pensions & Investments reports. Exactly how much each firm will get has yet to be determined, but the amount will be fixed by the $10 billion pension's staff and its hedge fund consultant, Aksia.
OCERS heard presentations from the four hedge funds, previously recommended by its staff and board, on Friday.
OCERS also last week made $100 million in commitments to a pair of energy private equity funds, P&I reports, EIG Global Energy Partners' Energy Fund XVI and EnerVest's fund XIII. And it revealed its shortlist for its multi-strategy credit manager, which includes Brigade Capital Management, CQS, Mariner Investment, MKP Capital Management and Tricadia Capital Management.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…