Ohio Pension Adds Tiger Consumer, Boosts Bridgewater

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.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR