Ohio Boosts Private Equity, Hedge Fund Portfolios

Jul 10 2008 | 6:00am ET

The School Employees Retirement System of Ohio last month committed a total of $165 million to private equity and hedge funds.

The plan committed up to $40 million to Odyssey Investment Partners Fund IV and up to $25 million to Evergreen Pacific Partners II. Ohio’s board also approved investments in two hedge funds at its June meeting, bringing to 27 the number of hedge funds approved to date. AG Super Fund and the Brevan Howard Fund are both slated to receive up to $50 million each.

The plan in April also made commits of $50 million each to hedge funds the Renaissance Institutional Equities Fund and Linden International. Investments director Robert Cowman said up to $500 million will be invested in approved hedge funds by the end of the calendar year: 50% to absolute return funds and 50% to portable alpha funds.

The pension plan’s assets stood at $11.34 billion as of the end of April, which is a $100 million decrease over the same period last year.


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...