San Bernardino County (Calif.) Employees’ Retirement Association extended to April 30 the due date on its search for five or six long/short equity hedge fund managers to run a total of $150 million, said Don Pierce, investment officer for the $5.1 billion association.
Investment consultant NEPC is assisting in the search for the managers, which will each run between $25 million and $30 million. The association board expects to make selections this summer, he said.
Interested managers should contact Tim Bruce, senior analyst, at NEPC at [email protected]
Separately, the association committed €25 million ($33.69 million) to Standard Life’s European Strategic Partners 2008, a European buyout fund of funds.
Also, a search is under way for a chief fiscal services officer to replace Michael O’Kelly who left the association last week to become the chief administrative officer for the San Bernardino County Air Quality Management District. Applications are due April 9 and are available at www.sbcera.org. Interested parties should send applications to SBCERA, Attn: Virgina Leon-Garcia, Fiscal Services Secretary, 348 W. Hospitality Lane, 3rd Floor,San Bernardino, CA 92415-0014