R.I. Pension Chief To Join Hedge Fund TIG

Dec 18 2012 | 10:36am ET

Rhode Island's top pension money manager is returning to the hedge fund industry, from whence he came.

Kenneth Goodreau has been named chief investment officer at New York-based TIG Advisors. He starts his new job on Jan. 1, Reuters reports.

Goodreau has spent the past six years as CIO of the Rhode Island State Investment Commission. During his tenure, the $8 billion public pension fund leapt into hedge funds, no surprise, given that before he joined the commission Goodreau led hedge fund Knollwood Capital Management, which he founded.

TIG has about $2 billion in assets under management, a figure that is expected to grow as Goodreau adds strategies to its lineup.

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