Tuesday, 29 July 2014
Last updated 20 hours ago
Nov 2 2011 | 8:34am ET
West Virginia's main public pension fund manager has hired a pair of hedge funds, bringing the total number of managers in the West Virginia Investment Management Board of Retirement's portfolio to 25.
The latest additions are AQR Capital Management and Pershing Square Capital Management. The former's Delta Offshore Fund III received a $40 million allocation and the latter's flagship International fund $30 million, HFMWeek reports. The Pershing Square investment is subject to a three-year lockup.
All told, the $12.9 billion system, which manages the assets of 18 public pension plans, has $1.06 billion invested in hedge funds.
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…