Wednesday, 26 October 2016
Last updated 17 min ago
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.