OSERS Invests $50 Million In Oceanwood

Jul 3 2014 | 7:19am ET

Ohio’s teachers are entrusting $50 million of their retirement money to a Tudor Investment Corp. spinoff.

Oceanwood Capital Management won the mandate from the School Employees Retirement System of Ohio after soaring 22% last year, Reuters reports. The investment boosts the $1.85 billion hedge fund’s assets under management by 3%, contributing to the $500 million Oceanwood has added this year.

The firm returned 3.4% through May.

Oceanwood, which focuses on Europe, was founded in 2006 by Tudor and Goldman Sachs veteran Christopher Gate.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...