Friday, 6 March 2015
Last updated 1 hour 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…