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

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note