Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.
Tuesday, 6 December 2016
Last updated 14 hours ago
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.