Institutional Investors

Arizona Public Safety eyes seeding programme


The $6.5 billion Arizona Public Safety Personnel Retirement System has discussed a $60 million allocation to a seeding platform in addition to another $50 million to a credit hedge fund.

At its April investment committee, officials considered a $60 million in the Goldman Sachs Asset Management Hedge Fund Seeding Strategy after a long review of structures for a seeding programme. Another $50 million allocation was recommended by Albourne America to Gracie Capital for its Gracie Credit Opportunities Fund.

Credit and debt strategies have been a primary focus for the pension fund including a recent allocation of $40 million