Arizona Pension Commits $60 Million To Southpoint

Jul 11 2012 | 12:28pm ET

The Arizona Public Safety Personnel Retirement System has added a Southpoint Capital Advisors hedge fund to its portfolio.

The $6.5 billion public pension fund committed up to $60 million to the Southpoint Qualified Fund, Pensions & Investments reports. The move is part of APSRS' push to add more actively-managed investment strategies, and is funded from the pension's investment in a State Street Global Advisors passive domestic equity portfolio.

Southpoint Qualified is a long/short equity strategy.

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