Tuesday, 26 July 2016
Last updated 1 hour ago
May 3 2013 | 9:37am ET
The Indiana Public Retirement Systems spent $365 million on new hedge funds over the past two months.
The $27.1 billion public pension announced four new hedge fund allocations at its April 26 meeting, Pensions & Investments reports. On March 1, it invested $100 million each with Emerging Sovereign Group and MKP Capital Management, and $65 million with Oxford Asset Management. A month later, it handed $100 million to Kepos Capital.
The money went to Emerging Sovereign's long/short emerging markets stock fund, Kepos' Macro Fund, MKP's long/short structured credit fund and Oxford's quantitative equity market-neutral fund.