The 9 Largest Public Pension Allocations to Hedge Funds in 2021

Staying up-to-date on where public pension funds are making their investments can be a critical part of an investment salesperson’s day to day. However, it can also be an incredibly time consuming task, given the sheer number of pension funds across the country. 

At Dakota, we’ve been fundraising since 2006, and have raised over $40B for our partners in that time. We’ve made it part of our DNA to stay on top of public pension fund investments, and we want to help make these updates as accessible to our peers as possible. 

In this article, we’re going to dive into nine of the largest public pension allocations made to Hedge Funds so far this year. By the end of this list, you’ll have a good jumping off point to better understand where funds are being allocated within the Hedge Fund space.

1. Virginia Retirement System — $400,000,000

Investment strategies:

• Coatue Equity Fund: $400,000,000

2. State of Wisconsin Investment Board — $231,000,000

Investment strategies:

• TCW Fund: $131,000,000
• Two Sigma Absolute Return Enhanced: $50,000,000
• Libremax Value Fund: $50,000,000

3. Mass PRIM — $200,000,000

• Power Pacific China A-Shares Absolute Return: $200,000,000

4. Kern County Employees Retirement Association — $112,000,000

Investment strategies:

• Garda Fixed Income Relative Value Opportunity Fund: $50,000,000
• Aristeia Select Opportunities II: $50,000,000
• Pharo Macro Fund: $12,000,000

5. Los Angeles County Employees' Retirement Association — $100,000,000

Investment strategies:

• AM Asia Strategies Fund: $100,000,000

6. Pennsylvania Public School Employees' Retirement — $80,000,000

Investment strategies:

• Capstone Commonwealth Fund: $80,000,000

Investment strategies:

• Atalaya Asset Income Fund IV: $50,000,000

8. Sacramento County Employees Retirement System — $45,000,000

Investment strategies:

•  Eisler Capital Fund: $45,000,000

9. Oklahoma Police Pension & Retirement System — $15,000,000

Investment strategies:

• Impactive Capital Master Fund: $15,000,000