Delaware puts $200 million with Bridgewater Pure Alpha strategy

Delaware Public Employees’ Retirement System, Dover, will make a $200 million direct hedge fund investment in Bridgewater Associates’ Pure Alpha Major Market 21% Volatility strategy, said David Craik, pension administrator, in an email.

It is the $9 billion pension fund’s first investment with Bridgewater, Mr. Craik said.

The pension fund’s actual allocation to alternatives as of June 30 was 22.2%, according to the most recent comprehensive financial annual report.