Institutional Investors

Arizona tops up allocation with $400m to hedge funds


Arizona Public Safety Personnel Retirement System has added nearly $400 million to its absolute return strategies portfolio by making six allocations in the second half of 2011.

Albourne America brought the managers to the board and investment committee for approval in October. Taylor Woods Capital Management is managing a $25 million allocation in its Master Fund, while an add-on investment of $50 million was made to the All Weather Portfolio managed by Bridgewater Associates. Another add-on of $5 million was slated for Sunbeam Opportunities Fund managed by Helios Associates. The last allocation in October was a $12 million