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OCERS seeks investment managing director
Investors - AUGUST 20, 2018

OCERS seeks investment managing director

by Jody Barhanovich

The $15.7 billion Orange County Employees Retirement System is searching for a new managing director to take on all duties related to the investment of the portfolio, according to TrustedInsight.

The new manager will report to the CIO. The new manager’s duties will include, but are not limited to, portfolio strategy, manager due diligence, and internal/external communications and reporting. The new hire will also lead the operational implementation of OCERS’ investment program strategic vision, notes TrustedInsight.

One requirement is a minimum of 10 years of progressive work experience with an institutional asset management firm, pension plan, foundation or endowment, states TrustedInsight.

You can apply through TrustedInsight’s website here.

Orange County recently reported a solid return for its real estate investments. As of March 31, OCERS’ real estate portfolio delivered a 9.1 percent net internal rate of return during first quarter 2018 and a 1.5x investment multiple. OCERS’ closed-end investments have generated a 13.2 percent net IRR and a 1.3x investment multiple. OCERS’ open-end investments have generated an 11 percent net IRR and a 1.7x investment multiple. Orange County has a target allocation to real estate of 10 percent.

 

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