Orange County chooses BlackRock, PAAMCO

Orange County Employees Retirement System, Santa Ana, Calif., Pacific Alternative Asset Management and Pacific Alternative Asset Management to run a combined $200 million in an absolute-return hedge fund-of-funds mandate, said Shanta Chary, CIO for the $8 billion system. Selections were made following a search conducted by the system’s BlackRock Alternative Advisors and Pacific Alternative Asset Management to run a combined $200 million in an absolute-return hedge fund-of-funds mandate, said Shanta Chary, CIO for the $8 billion system. Selections were made following a search conducted by the system’s conCallant, Callan Associates.