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SUBJECT:
sign of the times....
PRI: NORMAL
FROM:
A
abusch@contegocapital.com
DATE:
2012-09-12 15:59:24
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<25C6294C69403C479D7EC0D22258222068AAC4DFFD@exchange>
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TO:
E
eschwerin@rosemontseneca.com
H
hbiden@rosemontseneca.com
CC:
A
Arlene Busch
<abusch@rosemontseneca.com>
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Aksia to move ahead with Orange County's pension to direct investment in hedge funds From PIonline.com: ...In other action, Aksia, the pension fund's hedge fund consultant is moving forward with Orange County Employees Retirement System's (OCERS) plan to switch to direct investment in hedge funds from a hedge funds-of-funds approach. Aksia expects to present three to five event-driven managers to OCERS investment committee in October, three to five relative-value long/short credit manager finalists in December, and three to five tactical trading/global tactical asset allocation managers in February. The goal is to initially hire six to 10 managers in the first two quarter of next year; each will manage 4% to 10% of the target $665 million hedge fund allocation, according to an Aksia report at the investment committee's Aug. 29 meeting. Funding will come from redeeming existing hedge funds-of-funds manager portfolios. OCERS' existing hedge funds of funds are Bridgewater Pure Alpha Fund II, BlackRock QIP and Pacific Hedged Strategies... Arlene Busch 312-498-9595 mobile abusch@contegocapital.com<mailto:abusch@contegocapital.com>
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sign of the times....
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