Mass. Pension Adds 10 Hedge Funds To Direct Portfolio

Dec 7 2011 | 1:52am ET

Massachusetts' main public pension fund completed its first round of direct hedge fund investments, picking 10 managers to run a total of $245 million.

The Massachusetts Pension Reserves Investment Management board handed a $30 million mandate to Ascend Capital and a $15 million mandate to Glenview Capital Management. Eight others received $25 million mandates: Brigade Capital, Capula Investment Management, Davidson Kempner Capital Management, Highfields Capital, Indus Capital Partners, Pershing Square Capital Management, Samlyn Capital and Winton Capital Management.

The second set of hires follows the October selection of 11 hedge funds to run $280 million. The $48 million public pension that month invested $30 million with Viking Global Investors and $25 million each with Anchorage Capital Group, Arrowgrass Capital Partners, BlueCrest Capital Management, Brevan Howard Capital Management, Claren Road Asset Management, Elliott Management, Taconic Capital Advisors and York Capital Management.


In Depth

Q&A: George Schultze On His Fund's Unique Approach to Distressed Investing

Apr 16 2015 | 1:01am ET

George Schultze is a managing member of Schultze Asset Management, a long/short...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Minnesota Supreme Court Rejects The Ponzi Scheme Presumption: Lenders Claw Back Some Of Their Own Rights

Apr 17 2015 | 9:23am ET

A recent court ruling in Minnesota has put an end to the Ponzi Scheme Presumption...

 

Editor's Note