Friday, 30 January 2015
Last updated 4 hours ago
Jun 20 2011 | 1:56am ET
The Arizona Public Safety Personnel Retirement System is likely to continue adding to its hedge fund portfolio this month.
The $6.9 billion public pension has poured hundreds of millions of dollars into hedge funds in recent months, and is poised to put another $75 million in at its June 22 investment committee meeting. That committee will discuss a potential $50 million investment in Pacific Alliance Group's Special Situations Fund and a $25 million follow-on investment in GAM's U.S. Institutional Trading II fund, according to an agenda for the Wednesday meeting.
The PAG investment would be split into a $25 million direct investment and co-investments of up to the same amount. PSPRS already has some $75 million invested in the GAM fund.
The pension will also discuss a potential $20 million investment in private equity fund Berkshire Fund VIII.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…