Boston Pension Allocates $60M to Hedge Fund

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Boston’s municipal pension system has allocated $60 million to a New York hedge fund firm.

The $4.7 billion State-Boston Retirement System has chosen EnTrust Capital, according to HFMWeek.

EnTrust takes over from Arden Asset Management, which the pension terminated business with in March.

EnTrust Capital has gained name recognition in recent years for having an investor in New York Governor Andrew Cuomo, until he ended his relationship with the long/short firm in 2009.

The firm has $550 million in assets under management.

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Mass pension moveable $ 1B in hedge funds

The Massachusetts Pension reserves investment is $ 1 billion in hedge funds and another billion for local currency emerging markets debt.

50.3 Billion dollar pension is also cut three billion dollars from shares as part of the new allocation plan as an asset, a pensions and investments, the report.

The changes were approved Tuesday and will cut Prim ' S global equity allocation to 43 percent from 49 percent, with the reduction, which focused on International shares and domestic large-cap shares.

Steve Grossman, Massachusetts state Treasurer and PRIM President, said transferring the asset mix of the current assignment may take up to nine months, pensions and investment reported.

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Pension plan allocates $ 200 M to hedge funds

San Diego County employees retirement Association (SDCERA) is planning to allocate $ 200 million to hedge funds.

Pension plan will devote 100 million dollars to long/short credit hedge fund Saba Capital Management, while the remaining $ 100 million is dedicated to the Shaw as part of its global macro/CTA portfolio, by HFMWeek.

SDCERA currently allocates approximately 1.7 billion dollars to 17 global macro and relative value hedge funds.

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