Institutional Investors

Ohio Highway Patrol weighs Pinnacle allocation

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The $687 million Ohio Highway Patrol Retirement System will consider a $10 million allocation to Pinnacle Asset Management at its 15 December trustee meeting, according to Dan Weiss, executive director and chief investment officer.

The pension fund already has two existing funds of hedge funds – Evanston Capital and Protégé Partners – in addition to a few individual hedge funds.

The initial allocation to Evanston Capital totalled $20 million and was made in 2007. The Ohio Highway Patrol investment committee also heard finalists’ presentations from ABS Investment Management and Prisma Capital Partners in the latest fund of fund