(updated with correction)
State of Wisconsin Investment Board, Madison, committed $125 million to Scopia Capital, a low-volatility global equity long/short hedge fund, according to Vicki Hearing, spokeswoman, in an e-mail.
The $83 billion board also hired AQR Capital Management to run $50 million in a multistrategy fund "intended to capture efficient and cost-effective exposure to nine different hedge fund strategies,” according to board meeting materials.
Separately, the board terminated T. Rowe Price from a $465 million active emerging markets equity portfolio. The money was moved to a passive emerging markets equity portfolio managed by BlackRock, raising it to $1.86 billion.
Ms. Hearing said it was board policy not to comment on reallocations.