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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With NFL season on the horizon, it’s time to take a look at our Fantasy Football value picks. Last year, we nailed it on Drew Brees, Jordan Howard, Frank Gore and Dwayne Allen. We missed pretty badly on Duke Johnson, Demaryius Thomas, Mohammed Sanu and Eli Manning.