The Arizona Public Safety Personnel Retirement System is expected to add $155 million to its hedge fund portfolio this month, HFMWeek reports. The $6.9 billion public pension may put nearly $50 million in Asia-focused investment manager Pacific Alliance Group’s (PAG) Special Situations Fund and an additional $25 million into the GAM U.S. Institutional Trading II fund.
The PAG investment will be divided into a $25 million direct investment and co-investments of up to the same amount. The board will also mull committing up to $30 million to the Greenfield Acquisition Partners VI and up to $20 million to the Berkshire Fund VIII, a private equity fund, adds Pensions & Investments.
Click here for the story from HFMWeek.
Click here for additional coverage from Pensions & Investments.
