W.V. Adds AQR, Pershing Square

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.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

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

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of