Institutional Investors

San Antonio names five hedge funds to replace FoHFs


San Antonio Fire and Police Pension Fund has boosted its direct hedge fund investment portfolio with allocations to five managers.

Those selected are Pine River Fund, Indus Pacific Opportunities Fund, Pacific Alliance Asia Opportunity Fund, Brevan Howard Multi-Strategy and Da Vinci Re.

Each will receive $10 million. The allocations were made with the help of Albourne Partners, winner of the InvestHedge 2012 Consultant of the Year Award.

In a review of the first half of the year, Albourne also reported that the plan’s direct hedge fund portfolio outperformed the hedge fund of funds portfolio by about