Comment: Chris Sullivan
The hedge fund industry has always had a bit of a schizophrenic relationship with the media, particularly here in the US
10/08/2011
West Virginia board hires Marshall Wace
The West Virginia Investment Management Board (WVIMB), has allocated $45m to Marshall Wace, financial statements seen by HFMWeek reveal, as the US pension fund looks to broaden its exposure to European equities.
WVIMB, a $12.9bn fund managing the assets of 18 state pension plans, currently allocates a total of $1.07bn across 22 hedge funds. The latest allocation makes Marshall Wace one of its largest hedge fund holdings, a list currently topped by Double Black Diamond, Highbridge Capital and Perry Partners, each with $60m worth of investment.
Marshall Wace, a $5.5bn UK-based manager investing in European equity markets, has enjoyed some success over a volatile 2011. Two of Marshall Wace’s strategies, TOPS, a long/short equity investment strategy, and Eureka, are up 5% YTD.
WVIMB’s terms with Marshall Wace includes a monthly redemption provision, with 15 days prior notice. HFMWeek previously revealed that WVIMB hired Double Black Diamond, a multi-strategy fund, back in March.
- Share
-
Text Size
Decrease text size
Increase text size
Mayfair allure remains strong for London funds
Mayfair’s position as the undisputed heartland of London’s hedge fund community was called into question last month
Editor's letter: 16 May 2012
The pressure cooker purred in January and February, squealed in March and April, and, this week, finally blew a gasket
Progress report
An assessment of hedge fund YTD performance in the face of renewed fears for a potential eurozone crash Read More
Investor demand for CTAs is on the rise, says Agecroft Partners
Agecroft Partners is seeing widespread demand from institutional investors for Commodity Trading Advisors (CTAs), which is a dramatic change from the historical reluctance of many institutional investors and their consultants to allocate to this strategy.
Read More07/06/2012
UK: Impact of the AIFMD - the real story
Join us and our panel of experts for HFMWeek's Subscribers' Club June's UK breakfast briefing, 'Impact…
31/05/2012
US: Family Offices
The next US HFMWeek Subscribers' Club breakfast, will take place on Thursday May 31. Join us and…
02/02/2011
European Hedge Fund Services Awards 2012
HFMWeek's European Hedge Fund Services Awards are designed to recognise companies that have outperformed...
Be the first to comment on this article!