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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$ 1.2b hedge fund investments for Pennsylvania schools

Pension plan for Pennsylvania retired public school employee has invested a further 1.2 billion dollars in single and multi-strategy hedge funds.

51 Billion dollars, Pennsylvania Public School employees ' Retirement System increased its hedge fund target of 10% of the assets to 12 percent, according to a pensions and investment report.

1.2 billion dollars will be released for new hedge fund managers under advice from hedge fund consultant Aksia. 550 million dollars has so far invested 300 million dollars to Boston-based Mariner investment group and 250 million dollars to the London-based Capula management.

31 March totaled's hedge fund assets 4.92 billion dollars.

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