Wisconsin Picks Scopia, AQR For Hedge Mandates

Jun 15 2012 | 5:45am ET

Wisconsin's public pension manager has hired a pair of hedge funds to run $175 million.

The State of Wisconsin Investment Board handed a $125 million mandate to Scopia Capital, Pensions & Investments reports. New York-based Scopia, which boasts $2 billion in assets under management, runs a low-volatility global equity strategy.

The pension also put $50 million into AQR Capital Management's multi-strategy fund.

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