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.


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

The Road To Tax Alpha

May 28 2015 | 5:36am ET

Tax-related alerts are increasingly helping investment managers harvest tax alpha...

 

Sponsored Content

Editor's Note