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

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...