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.


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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.

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