Institutional Investors

Wisconsin Investment Board invests $125m in MKP Opportunity

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The State of Wisconsin Investment Board has added to its hedge fund portfolio, with a $125 million investment in fixed-income vehicle MKP Opportunity. The allocation was funded on 1 November.

The $83 billion pension fund already has an existing relationship with MKP, the New York-based firm headed up by Patrick McMahon. Last June, it allocated $100 million to another MKP portfolio, MKP Credit Fund.

Also within the credit field State of Wisconsin Investment Board has investments with Claren Road, while its market-neutral managers are Capula, which is popular as a tail-risk play, and Scopia, which has found