Orange County Votes For Four Event-Driven Hedge Funds

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.


In Depth

Virtu Celebrates Another Year Without a Single Day of Losses

Feb 26 2015 | 9:05am ET

High-frequency trading firm Virtu Financial Inc. reported another year without a...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk: How To Get In Front Of The Problem

Feb 26 2015 | 9:53am ET

In considering the topic of risk in the hedge fund world, specifically, the oversight...

 

Editor's Note