Wednesday, 29 July 2015
Last updated 7 hours ago
Jun 19 2008 | 2:00am ET
At least one penion fund is not shy about investing in alternatives. The $6.3 billion San Bernardino County (Calif.) Employees’ Retirement Association last month approved upping its allocation to the space from 32% to 35%.
The fund is also boosting its distressed debt, credit and private equity portfolios with new commitments, according to minutes from its May 12 meeting. Last month, the fund committed $10 million each to secondary buyout funds Lexington Middle Market II and Industry Ventures V.
It also committed $30 million each to Oaktree U.S. Convertible Bond Strategy, Oaktree High Income Convertible Bond Strategy, Lord Abbott Convertible Fixed Income Management Fund and Ares Enhanced Credit Opportunities Fund.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…