Az. Public Safety Pension Eyes Pacific Alliance—Again

Jul 25 2011 | 1:11pm ET

The Arizona Public Safety Personnel Retirement System, already in for more than $250 million in new hedge fund allocations this year, is looking into another.

The $6.9 billion public pension's board will discuss investing in Pacific Alliance Group's Asia Opportunity Fund at its July 27 meeting, HFMWeek reports. The pension is still considering a $50 million investment in PAG's Special Situations Fund.

PSPRS is mulling a $40 million mandate for the Asia fund.

The pension is also to consider its investment in FrontPoint Partners' flagship Multi-Strategy Fund. According to the board's agenda, it will discuss "the liquidation of assets from the FrontPoint Offshore Multi-Strategy Fund." A decision on that front is unlikely to be necessary: FrontPoint, embroiled in an insider-trading scandal, has already decided to shutter and liquidate that fund and most of its other offerings.

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