South Carolina Raises Alt Investments

Columbia’s South Carolina Retirement System Investment Commission has raised its commitment to two of its strategic investment partners.

Columbia’s South Carolina Retirement System Investment Commission has raised its commitment to two of its strategic investment partners, Pensions & Investments reports. It increased its allocation to Avenue Capital Management by nearly $250 million.

Hedge fund management firm DE Shaw has also been committed a value of $750 million. The new commitment includes and combines two existing allocations to DE Shaw that totaled $450 million.

Click here for the story from Pensions & Investments.

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