Ohio PERS Adds Brigade, KLS, Saba

Nov 28 2012 | 12:58am ET

Ohio's main public pension fund has invested $440 million in three hedge funds, all new to the system.

The $76.4 billion Ohio Public Employees Retirement System has hired Brigade Capital Management, KLS Diversified Asset Management and Saba Capital Partners. Brigade's Leveraged Capital Structures Fund and Saba each received $160 million, while KLS got $120 million, Pensions & Investments reports.

Cliffwater, OPERS' hedge fund consultant, assisted with the search, which increases the pension's direct hedge fund portfolio to more than $3.1 billion.

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