Friday, 1 August 2014
Last updated 4 hours ago
Mar 4 2011 | 9:07am ET
West Virginia's main public pension manager has awarded $60 million to Dallas-based Carlson Capital.
The $12.2 billion West Virginia Investment Management Board's hedge fund subcommittee made the allocation to the Double Black Diamond Fund at its September meeting, HFMWeek reports. Double Black Diamond is a multi-strategy vehicle with about $1.7 billion in assets.
More recently, last month the subcommittee made initial moves towards another hedge fund investment, discussing an allocation to Tenor Capital, a New York-based convertible arbitrage fund.
West Virginia currently invests about 10% of its assets in 22 hedge funds.