Institutional Investors Mandates & RFPs

San Bernardino hires more long/short equity

by

The San Bernardino County Employees Retirement Association continues to hire long/short equity managers with another three mandates totalling $25 million each.

Last month, trustees approved: Select Equity Group's Lafayette Fund; CastleRock Management's CastleRock Partners Fund; and Clough Capital Partners. Another three more managers are slated to be hired in August at the same initial funding, according to Timothy Barrett, executive director and chief investment officer at the $5 billion pension fund.

The county system plans on allocating $150 million between six long/short equity hedge fund managers eventually. The initial allocations to each manager may