San Francisco City & County Employees' Retirement System disclosed commitments and investments totaling $99 million, recently released board meeting minutes show.
The $26.5 billion pension fund made direct hedge fund investments of $50 million in aggregate to Voleon Investors Fund and Voleon Institutional Strategies Fund, both quantitative hedge funds managed by The Voleon Group.
The investments, which closed July 1, were made through San Francisco Absolute Return Investors II, a limited partnership between SFERS and Blackstone Alternative Asset Management. It is SFERS' first investment with Voleon.
The pension fund also committed €45 million ($49 million) to Blackstone Real Estate Partners Europe VI, a European-focused opportunistic real estate fund managed by Blackstone Group.
SFERS committed up to €100 million to Blackstone Real Estate Partners Europe V in 2015.
As of July 31, the pension fund's actual allocations to real assets and absolute return were 16.2% and 13.5%, respectively.
Darlene Armanino, executive assistant and board secretary, could not be immediately reached to provide further information.
