Institutional Investors

Arizona Public Safety adds two, considers seeding


Continuing to build out its hedge fund portfolio, the Arizona Public Safety Personnel Retirement System is considering seeding hedge funds and in the meantime has added two more hedge fund managers in the past month.

Nothing definitive has been set up in structuring a seed portfolio, but the $6.5 billion retirement fund currently depends on Albourne America for monitoring and research for the hedge fund programme, which was expanded over the course of 2010 to include an allocation to FrontPoint.

Recently hired were Centerbridge Partners for a $60 million mandate in the Centerbridge Capital Partners II fund and