Sunday, 5 July 2015
Last updated 2 days ago
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.
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…