Saturday, 1 November 2014
Last updated 17 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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