Thursday, 5 March 2015
Last updated 7 hours ago
Dec 21 2012 | 10:17am ET
Ohio's main public pension fund has made $175 million in new commitments to hedge funds.
The $76.4 billion Ohio Public Employees' Retirement System has pledged $100 million to Tiger Consumer Management, a long/short equity fund led by Tiger Management cub Patrick McCormack, Pensions & Investments reports. Consultant Cliffwater assisted with the selection, which brings OPERS' direct hedge-fund portfolio up to $3.22 billion.
OPERS also allocated $75 million to Bridgewater Associates, part of its risk-parity program. Bridgewater, and OPERS other four risk-parity managers, were originally given $25 million apiece.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…