W.V. Adds $30 Million To Hedge Funds

Sep 30 2013 | 11:39am ET

West Virginia's public-pension manager has increased its investment with four hedge funds.

The West Virginia Investment Management Board gave $30 million to four existing managers. Carlson Capital's Double Black Diamond fund and Pine River Capital Management's eponymous fund each received $10 million more, bringing their total allocations from WVIMB to $70 million.

Graham Capital Management and Winton Capital Management each got an extra $5 million, bringing their total allocations to $35 million.

Double Black Diamond is a multi-strategy fund, Pine River a relative-value fund, Graham Global Investment Fund II a global macro fund and the Winton Futures Fund a managed futures vehicle.

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