Wednesday, 27 May 2015
Last updated 4 hours ago
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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…