W.V. Invests In Carlson's Double Black Diamond

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.


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...