The San Diego County Employees’ Retirement Association (SDCERA) will add seven hedge funds to its approved managers list, HFMWeek reports. The move will allow the fund’s investment committee to make additional allocations to these managers without board approval.
Under the plan, the staff would be allowed to invest up to 2% in any of the manager’s funds and up to 5% in each firm overall. The hedge funds that will be included in the list are BlackRock, BrevanHoward, Bridgewater, BlueMountain, CarlsonCapital, UBSO’Connor and GrahamCapitalManagement.
Click here for the story from HFMWeek.