Thursday, 31 July 2014
Last updated 11 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…