Ohio Public Employees Retirement System, Columbus, made three new direct hedge fund investments totaling $440 million, confirmed spokesman Michael Pramik.
The $76.4 billion pension fund committed $160 million each to credit-oriented Brigade Leveraged Capital Structures Fund, run by Brigade Capital Management, and Saba Capital Partners, a credit relative value strategy; and $120 million to KLS Diversified Fund, managed by KLS Diversified Asset Management.
The commitments bring the pension fund's total direct hedge fund investments to $3.12 billion.
Hedge fund consultant Cliffwater assisted.
