Institutional Investors Mandates & RFPs

Ohio School pension adds $60m to existing hedge fund mandates


The $7 billion Ohio School Employees Retirement System increased the maximum investment for three of its existing hedge fund mandates, totalling $60 million in add-on commitments.

The maximum allocation was raised to $50 million from $30 million for the Visium Balanced Offshore Fund, Elm Ridge Value Partners Offshore Fund and Healthcor Offshore fund. The move follows approval earlier this year of a new asset and strategy allocation that boosted the target allocation to hedge funds to 15% from 10%, which translates to an additional $350 million. The hedge fund portfolio is likely to