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

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of