W.V. Adds Marshall Wace To Hedge Fund Portfolio

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.


In Depth

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Cash: An Asset In Adolescence

Aug 31 2017 | 3:34pm ET

If the investment industry has a rebellious teenager in the house today, that teenager...

 

From the current issue of