Pension System’s Collaborative Effort Already a Game Changer

Thursday, April 24, 2014

In what industry participants have termed a “game changer,” the Orange County Employees Retirement System, working in collaboration with investment professionals from other public pension plans, has created an innovative platform that will provide small and mid-sized public pension plans with superior access to the industry’s leading private equity partnerships. Bundling public pension assets through an unprecedented joint procurement process opens new doors to achieving superior portfolio returns in what heretofore has been an inefficient and costly asset class for many. “The deal is a sign of how some investors are trying to reclaim power from money managers and the first time such a consortium has won major concessions,” according to the Wall Street Journal.