Thursday, 25 August 2016
Last updated 52 min ago
Jul 3 2013 | 2:30am ET
West Virginia’s main public pension fund has awarded a $40 million mandate to a catastrophe reinsurance hedge fund.
The $13.2 billion West Virginia Investment Management Board picked Elementum Advisors, according to its May financial statement. West Virginia’s investment with the firm began on May 1.
West Virginia invests more than 10% of its assets in hedge funds.