Kern County adds hedge fund allocations

The $4.2 billion Kern County Employees’ Retirement Association (KCERA) in California made some new moves within its non-traditional investment portfolio. Last month, trustees approved a $20 million commitment to the DB Investors Fund IV, a hedge fund managed by New York-based Braham Capital founded in 1989 by Mitchell Kuflik and Robert Sobel. This allocation was …