State of Wisconsin Investment Board, Madison, committed $50 million to BlueCrest Capital Management's BlueTrend Fund, said Keith Bozarth, executive director, in a report to trustees.
It is the sixth hedge fund to which the $83 billion SWIB has committed, Mr. Bozarth noted in his report.
SWIB classifies BlueTrend as a global macro fund. Cliffwater, the board's hedge fund consultant, assisted in the search.
