Oklahoma Police Pension & Retirement System, Oklahoma City, invested $7.5 million in Sheffield International Partners, a global long/short equity fund managed by Sheffield Capital Management, confirmed Steven Snyder, executive director and chief investment officer.
It is the 10th hedge fund and ninth hedge fund manager the $2.1 billion pension fund has signed on in the past 13 months. Mr. Snyder expects to invest in two or three other hedge funds next quarter to round out the plan's direct hedge fund portfolio.