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

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note