Institutional Investors

Wyoming plans to boost size of hedge fund portfolio

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Wyoming Retirement System, based in Cheyenne, Wyoming, is considering a sizeable increase in its hedge fund portfolio, possibly expanding to other areas such as equity and credit strategies.

Currently the $560 million hedge fund portfolio comprises nine hedge funds.

An initial tranche was invested with hedge funds managed by Moore Capital Management, Graham Capital Management, Brevan Howard Asset Management, Caxton Associates, BlueCrest Capital Management and Tudor Tensor. To this roster was then added GMO, Bridge-water Associates and AQR Capital Management.

The scheme is looking for short-duration, high-yield domestic and international credit managers. Average