Wednesday, 5 August 2015
Last updated 11 hours ago
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.
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…