Sunday, 21 September 2014
Last updated 1 day ago
Nov 23 2010 | 10:30am ET
The Arizona Public Safety Personnel Retirement System is adding more than $100 million to its alternative investment profile.
The $6.5 billion pension has committed up to $60 million to the Baring Asia Private Equity Fund V and up to $50 million to Davidson Kempner Capital Management's Institutional Partners fund, Pensions & Investments reports. The latter is a low-volatility multi-strategy vehicle.
Both commitments will be funded from APS' equity portfolio, which is being reduced from 38% to a 35% target.
The system also approved reinvesting distributions received from Bridgewater Associates into another Bridgewater fund. APS will pour as much as $70 million it gets back from the Bridgewater Pure Alpha Fund II into Bridgewater's All Weather Portfolio II.
"As they come back in they are going to be reinvested," James Hacking, the pension's administrator, told P&I.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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