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

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

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

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...