Tuesday, 16 September 2014
Last updated 12 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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