Hedge Funds Institutional Investors

Oakland seeks equity hedge funds


Oakland County Employees' Retirement System in Michigan is searching for long/short equity hedge fund managers, but is uncertain whether they will allocate directly to hedge funds or go the fund of funds route.

The source of funding for the $75 million initial hedge fund foray for the $1 billion pension fund still has to be determined. Recommendations are due back soon from investment consultant Asset Consulting Group, according to James Van Leuven, chief deputy treasurer for the county and chairman of the Oakland County Employees Retirement Commission.

Van Leuven was appointed