Friday, 24 February 2017
Last updated 8 min 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.