Ohio Police & Fire Seeking Long-Short Manager

Jun 30 2006 | 3:15pm ET

The $10.5 billion Ohio Police & Fire Pension Fund will begin searching for long-short market neutral managers later this year as the final part of its four-part portable alpha strategy. At its board meeting on Wednesday the plan selected Bridgewater Associates and AQR Capital Management to manage approximately $315 million in global macro, the third part of the strategy. The fund had issued an RFP in February.

Dave Graham, spokesman for the plan, said the amount each manager will handle has not yet been decided and will not necessarily be split evenly. Money for the allocation will come from a Russell 10 Index fund.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…