The $5.6 billion Wyoming Retirement System is nearing the completion of a $180 million program investing in macro funds, HFMWeek reports. The public pension fund has appointed eight hedge fund managers, out of which five will receive $30 million each. The fund is also finalizing the deal with a sixth manager.
The managers are BlueCrest Capital Management, Brevan Howard Asset Management, Caxton Associates, Moore Capital Management and Graham Capital Management. Other three managers, AQR Capital Management, Bridgewater Associates and Grantham, Mayo, Van Otterloo and Company, have been hired to manage part of Wyoming’s global tactical asset allocation portfolio. The pension fund is set to focus on long/short equity funds later this year.
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