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.


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