Institutional Investors

Springfield Police & Fire selects Blackstone, Entrust as managers


The $121 million Police and Fire Retirement System of Springfield has appointed Blackstone Alternative Asset Management and Entrust Capital as its fund of hedge funds managers. The two will split a $20 million mandate, which will be funded during the fourth quarter of 2012.

The pension scheme, which manages the pension assets of public workers in the City of Springfield, Missouri, has made this first investment into hedge funds primarily as a diversification play, although it is hoped that the investment will also boost overall returns.

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