Pensions&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.
