Comment: Chris Sullivan
The hedge fund industry has always had a bit of a schizophrenic relationship with the media, particularly here in the US
11/05/2011
Arizona PSPRS adds to hedge fund allocations
The Arizona Public Safety Personnel Retirement System (PSPRS), which has $6.1bn in assets under management, has further boosted its allocation to hedge funds, HFMWeek.com revealed last week.
The board of trustees for the retirement system approved a new $50m investment in New York-based hedge fund firm Gracie Credit Opportunities Fund, as well as $60m to Goldman Sachs Asset Management (GSAM), at a meeting of the investment committee held on 27 April.
Back in March, HFMWeek revealed that Arizona PSPRS was in the process of considering an allocation of $40m to EJF Asset Management’s Debt Opportunities Fund. The fund also discussed a new $60m investment into Oaktree Capital Management’s European Principal Fund.
As of March, the fund allocated approximately 2.5% of its overall investment portfolio to absolute return funds, compared to a target allocation of 4%.
A March investment update stated that “investment staff will continue to move deliberately in 2011, carefully matching exceptional managers to suitable opportunities”.
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Mayfair allure remains strong for London funds
Mayfair’s position as the undisputed heartland of London’s hedge fund community was called into question last month
Editor's letter: 16 May 2012
The pressure cooker purred in January and February, squealed in March and April, and, this week, finally blew a gasket
Progress report
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European Hedge Fund Services Awards 2012
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