Saturday, 5 September 2015
Last updated 11 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…