Friday, January 30, 2015
Orange County Clerk-Recorder Hugh Nguyen administers Oath of Office to members
of the OCERS Board of Retirement
Hugh Nguyen, Orange County Clerk-Recorder, administered the Oath of Office to the Board of Retirement on Tuesday, January 20, 2015.
January 27, 2015 Investment committee meeting update
At its meeting on Tuesday, January 27, 2015, the Investment Committee took a number of actions related to OCERSí $11.9 billion portfolio:
The Committee approved an investment of $90 million in the Galena Metals Fund, subject to completion of on-site due diligence, contract reviews, and negotiation of terms.
The Committee approved a staff recommendation to allocate an additional $75 million to incumbent direct lending manager Tennenbaum Capital Partners to be invested in high quality energy credits, in a fund structure to be determined by the CIO (pending due diligence and negotiation of contract terms).
The Committee approved an allocation of $100 million to incumbent credit manager Brigade Capital Management to be invested in the Brigade Energy Fund.
The Committee voted to authorize the CIO (Girard Miller) to implement a (short) yen currency hedge at a level not to exceed the equivalent of (U.S.) $90 million.
The next regular Board of Retirement meeting will be held at 9 a.m. on Tuesday, February 17, 2015; the next Investment Committee meeting will be held at 9 a.m. on Wednesday, February 25, 2015.