South Carolina Retirement Ups Hedge Fund investments

South Carolina's most important public pension plan, investment Commission 26 billion dollar South Carolina Retirement System has recently increased the appropriations for the two hedge funds giants.

The pension has doubled the allocation for Avenue Capital Management to 500 million dollars, and combined two existing commitments to the D.E. Shaw Group which amounted to 450 million dollars and added another $ 300 million, according to a report in pensions and investments.

Avenue capital, run by Marc Lasry, 13.7 billion dollars in assets under management.

D.E. Shaw, founded by David Shaw, has over 14 billion dollars of AUM.

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