Capula Hired As Wisconsin Pension's First Hedge Fund

Feb 22 2011 | 10:24am ET

Wisconsin's top public pension fund has made its first investment in a hedge fund, allocating $100 million to Capula Investment Management.

The $83 billion State of Wisconsin Investment Board made the move after last year deciding to put up to 2% of its assets in hedge funds. Capula is the first of between 15 and 20 hedge funds the pension hopes to hire.

"SWIB continues to prudently negotiate with and to screen possible candidates with the help of SWIB's hedge fund consultant, Cliffwater," a spokeswoman for the pension said.

Wisconsin picked Capula's GRV Fund, which "invests in fixed-income and currency arbitrage and relative-value opportunities in the most liquid G3 companies," the spokeswoman, Vicki Hearing, said.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of