Thursday, 28 May 2015
Last updated 5 hours ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…