San Diego Bets On Perella Weinberg Hedge Fund

Aug 26 2009 | 1:32pm ET

A Perella Weinberg Partners hedge fund has won a $30 million mandate from the San Diego County Employees Retirement Association.

The $3.6 billion pension picked Perella Weinberg’s Asset-Based Value Opportunity Fund, Pensions & Investments reports.

SDCERA is also looking to outsource its chief investment officer post. The pension is negotiating a contract with a firm that it declined to identify. SDCERA’s last CIO, David Deutsch, resigned in March.

Deutsch had been a champion of hedge fund investing since joining SDCERA in 2004. But he quit after the arrest of the principals of WG Trading Co. in February; the pension had $78 million invested in the Connecticut hedge fund.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...