Thursday, 28 May 2015
Last updated 50 min ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by partcipating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…