Thursday, 29 January 2015
Last updated 10 min ago
Jun 7 2013 | 11:33am ET
A California public pension has hired four hedge funds to manage as much as $250 million.
The $10.6 billion Orange County Employees Retirement System committed between $55 million and $74 million to D.E. Shaw Group's Multi-Asset International Fund, Pensions & Investments reports. It also awarded mandates of between $44 million and $63 million each to Hoplite Capital Management and Partner Fund Management, and $50 million to Tennebaum Capital Partners' direct-lending strategy.
Nor is OCERS done: The pension's board gave its investment consultant the green light to create a shortlist of fixed-income absolute-return managers. The size of that allocation is still to be determined, and a hire might not happen at all, spokesman Robert Kinsler told P&I.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…