Oklahoma Pension Hires Hoplite

Jan 24 2013 | 9:24am ET

The Oklahoma Police Pension & Retirement System has added Hoplite Capital Management to its direct hedge fund investment program.

The $1.9 billion plan has committed $7.5 million to the New York-based firm's Offshore Fund, Pensions & Investments reports. The commitment will be funded by the pension's redemption from fund of hedge funds Attalus Capital.

Hoplite, led by Viking Global Investors veteran John Lykouretzos, is the fifth hedge fund OPPRS has invested in, as it seeks to increase its direct hedge fund portfolio to between 12 and 15 managers overseeing $100 million by the end of the third quarter.

Hoplite was recommended by the pension's consultant, Asset Consulting Group, and by Grosvenor Capital Management, which both manages a $150 million fund of funds mandate of OPPRS and handles back-office and due-diligence matters for the direct portfolio.


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