Hedge Funds Institutional Investors

Indiana commits $120m


Indiana Public Employees' Retirement Fund made a total of $120 million in new hedge fund mandates this past spring across three hedge funds as part of the $11.4 billion pension programme's absolute return portfolio.

Bridgewater Associates, Paulson Advantage and Viking Global each received a $40 million commitment from Indiana, which hired Aksia as a hedge fund consultant last August. The firm won the opportunity to work as an extension of the pension fund's investment staff in identifying opportunities and evaluating performance in the hedge fund asset class. The target allocation to absolute return was set at 2% of the