Az. Public Safety May Invest In Goldman, Gracie Hedge Fund

May 4 2011 | 11:06am ET

The Arizona Public Safety Personnel Retirement System is set to consider investing more than $200 million in four hedge funds.

The $6.1 billion public pension plan's board of trustees will consider a possible $60 million investment with Goldman Sachs Asset Management and $50 million with New York-based Gracie Capital, HFMWeek reports. PSPRS is already mulling $100 million in commitments to Oaktree Capital Management and EJF Asset Management.

The system's investment committee added GSAM and Gracie to the board's plate at its meeting last month. PSPRS currently has 2.5% of its assets invested in absolute return funds, below its 4% target.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...