Friday, 26 August 2016
Last updated 7 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.