General Motors adds nearly $700m to alternatives

Tue Mar 2, 2010

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In a year of lock-ups, fee negotiations and redemptions, General Motors hedge fund portfolio added another $693 million to hedge funds, even as roughly 31% of its portfolio was deemed frozen due to illiquid holdings in 2009.

The new allocations were spread across 12 hedge funds and spanned credit, event-driven, long/short equity, relative value and trading strategies in the ProMark Absolute Return Strategy Fund - a fund of hedge funds managed by General Motors Investment Management Corporate, the entity that oversees...

ISSN: 2151-1845 / CDC10004H

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