The $7 billion Employees’ Retirement System of Rhode Island (ERSRI) has appointed 12 new hedge fund managers, Pensions & Investments reports. The system is looking to invest in six more funds in the coming months.
The Rhode Island State Investment Commission, which manages the pension plan, has approved the appointment of hedge fund managers Ascend Capital and Davidson Kempner Capital Management, Elliott Associates for a $60 million mandate each, Brevan Howard Asset Management and Och-Ziff Capital Management Group for $75 million each and D.E. Shaw Group for a $50 million mandate. The commission had hired Gracie Credit, Mason Capital Management, Samlyn Capital, Viking Global Investors, Winton Capital Management and Capula Investment Management the previous month.
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