Az. Eyes Still More Hedge Funds

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.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note