Ohio Public Employees’ Retirement System, Columbus, committed an additional $180 million to direct hedge funds, Pensions & Investments reports. The system has awarded a $120 million mandate to Och-Ziff Capital Management and a $60 million mandate to Davidson Kempner Institutional Partners.
The retirement system said in June that it intended to directly invest a total of approximately $1.2 billion in single and multi-strategy hedge funds. Earlier in July 2010, the $78 billion system had made a new allocation of 3 percent to hedge funds.
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