Hedge Funds Institutional Investors

San Bernardino completes long/short search


San Bernardino County Employees Retirement Association plans on allocating $150 million between six long/short equity hedge fund managers, according to Timothy Barrett, executive director and chief investment officer at the pension fund.

Timothy Barrett

The 7 June board meeting of the $5.1 billion pension fund will likely result in the hiring of an initial two or three managers handling the strategy via separate accounts totalling as much as $30 million. The initial allocation to the asset class may be increased in the future. The search for the long/short managers closed at the end of April