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.


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Often seen as a passion project, or part of a philanthropic venture, rare and fine stringed instruments offer an exciting option to diversify one’s investment portfolio while providing an opportunity for an exceptional long-term investment.