Illinois commission allocates $135 million to hedge funds
Thursday, March 18, 2010 : PermalinkPensions&Investments – The Illinois Student Assistance Commission, Chicago, allocated a total of $135 million to three hedge fund managers, its first move in the area.
The three are among 13 hedge fund firms approved to run assets of the $982 million College Illinois! Prepaid Tuition Program fund.
Balestra Spectrum and Pinnacle Natural Resources were assigned $55 million each, while Neuberger Berman’s NB Alternative Investment Management got $25 million, according to an ISAC report. All three are hedge funds of funds.
More on this topic
(What's this?)
World's Largest Hedge Funds
(market folly, 3/9/10)
Hedge Fund Ebullio Capital: Down 86.25% In One Month
(market folly, 3/22/10)
EU Willing to Sacrifice Hedge Fund Jobs to Clean Up Industry
(naked capitalism, 3/27/10)
Michael Burry: Hedge Fund Star
(Distressed Debt Investing, 3/3/10)
