Friday, 26 August 2016
Last updated 4 hours ago
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.