Conn. Pension Boost Private Equity, Funds Of Hedge Funds

Sep 15 2011 | 3:36am ET

Connecticut’s main public pension manager has added $165 million to its alternative investments allocation.

The Connecticut Retirement Plans and Trust Funds is to allocate $65 million to private equity fund ArchLight Energy Partners V, HFMWeek reports. The $25.1 billion system, which manages money on behalf of six state pensions and eight state trust funds, will also boost its fund of hedge funds allocation by $100 million.

Two of the four funds of funds currently managing money for CRPTF will get an extra $50 million: Permal Asset Management and Prisma Capital Management. The two firms received initial allocations of $100 million each in February.

The new allocations bring CRPTF’s total fund of hedge funds investment to $500 million.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

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

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of