A potential foray by the $2.2 billion Ventura County Employees’ Retirement Association into hedge funds is not a response to the economic downturn of the past year — the association’s nine-member board has been boning up on hedge funds since 2006. But Tim Thonis, retirement administrator of the Ventura, California–based plan, says current events may limit exactly how and when, or even if, VCERA takes the plunge.
