Minnesota Invests $100 Million In Three Funds

Dec 22 2005 | 10:40pm ET

The $45.2 billion Minnesota State Board of Investment allocated $100 million each to three managers at its board meeting earlier this month.

The plan invested $100 million in a distressed debt fund managed by Wayzata Investment Partners, $100 million in a secondary interest fund run by Lexington Capital and $100 million in a leveraged-buyout fund handled by Welsh, Carson, Anderson & Stowe, said Howard Bicker, executive director of the plan.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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