Az. Pension Ponders Stark, Dreyfus Investments

May 26 2011 | 9:58am ET

An Arizona pension fund is on a major hedge fund kick.

The $6.1 billion Arizona Public Safety Personnel Retirement System's investment committee will propose two additional hedge fund allocations this week. Just last month, the public pension fund poured more than $100 million into hedge funds managed by Gracie Capital and Goldman Sachs, and is still considering $100 million in allocations to EJF Asset Management and Oaktree Capital Management. It also boosted its investment in Bridgewater Associates by $20 million.

Now, PSPRS' board will talk about investing up to $30 million in Stark Investments' ABS Opportunity Fund and up to $25 million in Louis Dreyfus Investment Group's LD Commodities Alpha Master Fund, HFMWeek reports.

In recent months, Arizona had invested in hedge funds including Iguazu Partners, LSV Partners, Luxor Capital Partners and Red Kite Management. Its investment in Bridgewater is relatively recent, as well, dating only to November. But the bet has paid off: The new investment in the firm's All Weather Portfolio came from "rebalancing some of the profits that were earned from Bridgewater's Pure Alpha Fund II strategy," the pension's April investment update explained.


In Depth

Q&A: Neil Azous Talks Global Macro Investing

Nov 24 2014 | 12:41pm ET

Neil Azous is the founder and managing member of Rareview Macro, an advisory firm...

Lifestyle

Griffin Selling Chicago Apartment

Nov 26 2014 | 11:40am ET

Citadel Investment Group’s Kenneth Griffin is making clear to his estranged wife...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.