Institutional Investors

Indiana pours another $220m into hedge funds


Indiana Public Employees' Retirement Fund allocated another $220 million in hedge funds in the last half of 2009 as the $14 billion pension fund continues to grow towards its previous hedge fund target of 2% to 10% of total assets.

King Street Capital, Brookside Capital and Brigade received allocations of $40 million each, while Davidson Kempner and Brevan Howard were tapped to manage $50 million each. Officials relied on Aksia to source the hedge fund investments after a lengthy search for a hedge fund consultant that was completed in