Tuesday, 13 October 2015
Last updated 6 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.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…