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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...