Friday, 1 August 2014
Last updated 3 hours ago
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.