Indiana Allocates To Three Hedge Funds

Mar 2 2010 | 3:18am ET

The Indiana Public Employees’ Retirement Fund is pouring $300 million into hedge funds.

The public pension fund’s board has made allocations to three hedge funds, IM Weekly reports.

The biggest beneficiary of the Hoosier state’s largesse is Prima Capital Advisors, whose Mortgage Investment Trust is to receive $150 million.

PERF allocated another $100 million to PIMCO’s PAAMCO II Fund. Level Global Investors is to receive $50 million.

With approximately $14.2 billion in assets under management at calendar year-end 2009, the Indiana Public Employees’ Retirement Fund is among the largest 100 pension funds in the United States.

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