Hedge Funds Institutional Investors

San Bernardino County taps credit funds


The San Bernardino County Employees Retirement Association added two funds to its credit hedge fund fold, totalling $60 million in new mandates

The funds each employ a niche credit strategy and were selected as part of an international credit opportunity distressed credit search. A $40 million allocation was made to the Marathon International Credit Opportunities Fund, while the Alcentra Special Situations Fund received a $20 million allocation.

The $6 billion pension fund has been keen to diversify its credit portfolio with $30 million going to the Ares Credit Enhanced Fund and another $30 million