Saturday, 5 September 2015
Last updated 14 hours ago
Jan 31 2011 | 1:34am ET
The Arizona Public Safety Personnel Retirement System is keeping busy with another $80 million in commitments to two hedge funds.
The $6.6 billion public pension plan has committed up to $40 million each to West Face Capital and EIF Management. The former's Long-Term Opportunities Global Master fund is a deep-value event-driven strategy focused on Canadian companies, while the latter's United States Power Fund IV invests in power generation and transmission, Pensions & Investments reports.
The West Face investment will be funded with returns earned by Arizona's credit opportunities portfolio, while EIF's commitment comes from the pension's real assets allocation.
The moves follow more than $200 million in commitments made to hedge funds by the Arizona system over the past few months. The pension is also mulling a hedge fund seeding program, which could launch by the end of the year.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…