Orange County Employees commits $55 million to 2 buyout funds
Orange County Employees commits $55 million to 2 buyout funds
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Orange County Employees Retirement System, Santa Ana, Calif., committed $54.8 million to two alternative investment funds, Stina Walander-Sarkin, senior investment analyst, reported to the investment committee Wednesday.
The $19.3 billion pension plan committed $35 million to
Genstar Capital Partners X, a middle-market buyout fund. She said that OCERS had wanted to commit $50 million to the fund but the manager cut back the pension fund s allocation because it was nearing its hard cap. Genstar announced the fund s first and final closing of $10.2 billion on April 5, according to a news release.
Cryptocurrencies garnering attention for many reasons
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Investors are increasingly turning their attention to cryptocurrencies, evident from various surveys and stories reported by Pensions & Investments since the start of the year. To read more, go to pionline.com/crypto21.
Orange County eyeing cryptocurrency:Orange County Employees Retirement System, Santa Ana, Calif., is researching blockchain and cryptocurrency, OCERS CIO Molly A. Murphy said at the $19.8 billion pension fund s March 24 investment committee meeting. It s not an investible idea at this point, Ms. Murphy said. But the topic has stayed in everybody s thoughts, she said, noting that Federal Reserve Chairman Jerome Powell had called it a speculative currency in recent congressional testimony, she said.
March 11, 2021
CIOs to Speak on Survival of the Fittest, the K-Shaped Recovery, Private Equity, and Private Credit March 16 and 17
Register now to attend four not-to-miss panels.
The COVID-19 remote environment doesn’t mean you have to stop networking and learning from your peers. In fact, now you can invite your entire investment office to tune into panels where CIOs will be sharing their wisdom on everything from the survival of pension plans to the effects of wealth disparity, private equity, and private credit.
On March 16 at 2 p.m. EDT, top-performing CIOs in private credit and private equity
Molly Murphy of the Orange County Employees Retirement System (OCERS) and
Orange County Employees allocates $525 million to 4 funds
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Orange County Employees Retirement System, Santa Ana, Calif., invested or committed $525 million to four funds, according to a report to the board of the $19.3 billion pension plan.
OCERS invested $200 million each to an international value equity fund, Artisan International Value Fund, managed by
Artisan Partners and an international equity growth fund, GQG Partners International Equity Fund, managed by
GQG Partners. OCERS made the investments to build out its international equity portfolio as a result of a new asset allocation adopted by the board in April that increased the pension plan s global equity target to 47% from 35%, with 25% to U.S. equities, 13% to international developed equity and 9% to emerging markets equity.
Orange County Board Candidates Weigh In on Unfunded Pensions theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.