Wednesday, 30 July 2014
Last updated 12 hours ago
Aug 12 2011 | 9:57am ET
West Virginia's state pension fund manager has handed $45 million to Marshall Wace Asset Management, one of the $12.9 billion system's largest hedge fund investments.
The West Virginia Investment Management Board negotiated monthly liquidity terms with 15 days notice, HFMWeek reports. Marshall Wace is the 22nd hedge fund in its portfolio; in total, the board has over $1 billion invested in those managers.
Three of those hedge funds, including the recently-hired Carlson Capital, manage $60 million each for West Virginia.
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…