Institutional Investors

Arizona Public Safety pension fund to add $75m

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The $7 billion Arizona Public Safety Personnel Retirement System has considered recommendations for allocations to two hedge fund managers.

Trustees considered an additional investment of $25 million to portable alpha fund GAM US Institutional Trading II managed by GAM USA, which would bring the total capital invested in GAM up to $100 million.

Investment staff and Albourne Partners also presented a recommendation for a direct investment of $25 million and co-investments of up to $25 million with the Pacific Alliance Asia Special Situations or parallel funds managed by Pacific Alliance Group.

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