Ohio Pension Adds Tiger Consumer, Boosts Bridgewater

Dec 21 2012 | 11:17am 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

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of