West Virginia Investment Management Board, Charleston, invested $90 million with two hedge funds, according to the $13.4 billion board’s June 30 financial statement.
On June 25, it invested $60 million in Hudson Bay International Fund, managed by Hudson Bay Capital Management, and $30 million in HBK Multi-Strategy Offshore Fund, managed by HBK Capital Management.
The current hedge fund allocation is 10.3%.
A phone call to Craig Slaughter, West Virginia board executive director, was not returned by press time. No further details were available.
