Pa. Schools Adding $1.2 Billion To Hedge Funds

Jun 27 2011 | 3:01am ET

A major Pennsylvania pension is planning a big boost in its hedge fund portfolio.

The Pennsylvania Public School Employees' Retirement System in March increased its hedge fund target to 12%, giving the $51.2 billion public pension an extra $1.2 billion to play with in the space. And play it will, seeking out single-manager hedge funds will the help of hedge fund consultant Aksia.

In addition to single- and multi-strategy funds, the Pennsylvania pension may also add emerging hedge fund managers, although details of that plan remain to be worked out, Pensions & Investments reports.

Some $550 million of the $1.2 billion has already been allocated to Mariner Investment Group and Capula Investment Management.

PSERS does not plan to issue requests for proposals to find managers for the rest.


In Depth

AIMA: Smaller Firms Remain the Lifeblood of the Hedge Fund Industry

Jul 26 2017 | 5:55pm ET

It is a hedge fund industry truism that the largest managers receive the most attention...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...

 
Error

FINalternatives Trending

From the current issue of