First Quadrant has raised $140 million for four market-neutral pooled...

First Quadrant has raised $140 million for four market-neutral pooled funds covering the United States, the United Kingdom, Japan and a combination of the three markets. About $50 million came from U.K. pension funds, with some money also coming from an unidentified U.S. pension fund and off-shore investors. The publicly traded pooled fund, known as the Antiope Alpha Fund, is an unregulated collective investment scheme. It is based in Dublin, Ireland, to avoid legal problems U.K. pension funds face when investing in short positions.