West Virginia Investment Management Board (WVIMB ) has invested an extra US$30 million total with four existing hedge fund managers, according to Pensions & Investments.
According to the US$13.2 billion board’s August financial statement, it has invested an additional US$10 million each to Double Black Diamond, a multistrategy fund managed by Carlson Capital Management, and Pine River Fund, a global multistrategy relative value portfolio managed by Pine River Capital Management.
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It also invested an additional US$5 million each to Graham Global Investment Fund II, a global macro fund managed by Graham Capital Management, and Winton Futures Fund, a managed futures fund managed by Winton Capital Management.
The new allocations will increase the total investments to US$70 million for both Double Black Diamond and Pine River, and US$35 million each for Graham Global and Winton.
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