W.V. Picks Tenor For $30M Mandate

May 31 2011 | 8:54am ET

West Virginia's main public pension manager has allocated $30 million to hedge fund Tenor Capital Management.

The $12.5 billion West Virginia Investment Management Board will invest in Tenor's Opportunities Fund, HFMWeek reports. The allocation follows a $60 million mandate won by Carlson Capital in March.

The WVIMB has almost $1 billion allocated to hedge funds.

In addition to adding to its hedge fund stable, however, the pension is also trimming it: WVIMB is redeeming its investments with Bennelong Asia Pacific and Vicis Capital.

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