HFM Week – The $76bn Ohio Public Employees Retirement System (OPERS) has allocated a further $170m in direct hedge funds, as part of its effort to commit around $3bn in fresh capital to the space by the end of 2012, HFMWeek.com confirmed this week.
OPERS hired Ascend Partners, a long/short equity fund, and Canyon Value Realisation Fund, which uses a credit-orientated strategy, for $80m and $90m, respectively.
