Arizona Public Safety Personnel Retirement System is planning to increase its allocation to hedge funds, HFMWeek reports. The board of the $6.1 billion system aims to invest around $60 million to Goldman Sachs Asset Management.

The board of trustees may be allocating up to $50 million to New York-based hedge fund firm, Gracie Capital’s Credit Opportunities Fund. PSPRS is also allocating $40 million to EJF Asset Management’s Debt Opportunities Fund and $60 million to the Oaktree Capital Managements European Principal fund.

Click here for the story from HFMWeek.