Orange County Adds D.E. Shaw, Hoplite, PFM, Tennenbaum

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.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

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

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...