Ohio Public Commits $180M To Direct HFs

Ohio Public Employees’ Retirement System, Columbus, committed an additional $180 million to direct hedge funds.

Ohio Public Employees’ Retirement System, Columbus, committed an additional $180 million to direct hedge funds, Pensions & Investments reports. The system has awarded a $120 million mandate to Och-Ziff Capital Management and a $60 million mandate to Davidson Kempner Institutional Partners.

The retirement system said in June that it intended to directly invest a total of approximately $1.2 billion in single and multi-strategy hedge funds. Earlier in July 2010, the $78 billion system had made a new allocation of 3 percent to hedge funds.

Click here for the story from Pensions & Investments.

Related