At a glance
- FPPA had 11.1% of its $7.74 billion long-term portfolio in diversifying strategies as of September 2026, just above its 11% target, Hedgeweek said.
- The commitments direct new hedge fund capital to a multistrategy platform and a market-neutral specialist, not to the dedicated long/short equity sleeve FPPA decided earlier this year to wind down.
- The review follows a $100 million redemption from Two Sigma Investments in September and a $100 million withdrawal from a Rockwood Capital multifamily real estate fund, HedgeCo News said.
Colorado's Fire & Police Pension Association approved $240 million in hedge fund commitments, $200 million to Millennium's flagship multistrategy fund and $40 million to NovaCore, Hedgeweek reported.
FPPA had 11.1% of its $7.74 billion long-term portfolio in diversifying strategies as of September 2026, just above its 11% target, Hedgeweek said. NovaCore runs a European industrials-focused market-neutral strategy founded by Nico Dil, a former Citadel portfolio manager.
The commitments direct new hedge fund capital to a multistrategy platform and a market-neutral specialist, not to the dedicated long/short equity sleeve FPPA decided earlier this year to wind down. The new money equals roughly 3.1% of the portfolio.
New Mexico's Public Employees Retirement Association is reviewing whether hedge funds still earn a place in its absolute-return allocation, which targets 6% of assets with a 3% to 9% range, HedgeCo News reported, citing Alternatives Watch and Pensions & Investments.
The review follows a $100 million redemption from Two Sigma Investments in September and a $100 million withdrawal from a Rockwood Capital multifamily real estate fund, HedgeCo News said. PERA has not said whether it will drop the allocation outright or hold a smaller position within its range.
Reported by the Hedge Funds & Liquid Alts desk from Hedgeweek and HedgeCo News. Published . Corrections