Thursday, 18 December 2014
Last updated 10 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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