Va. Invests With Cevian

Aug 28 2012 | 10:41am ET

Cevian Capital has added another U.S. state pension fund to its roster of clients.

The Swedish activist hedge fund won a $250 million mandate from the Virginia Retirement System, Bloomberg News reports. That deal comes just months after the firm, founded by Christer Gardell, received a $150 million mandate from the New Jersey Division of Investment.

Cevian focuses on European companies.

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