Hedge Funds Institutional Investors

Wyoming invests $180 million with macro funds


The state's retirement system has allocated to five brand names for its first hedge fund investments.

The $6.6 billion Wyoming Retirement System has invested $30 million each with global macro hedge funds managed by Moore Capital Management, Graham Capital Management, Brevan Howard, Caxton Associates and BlueCrest Capital Management. Chief investment officer Trent May says the pension is finalizing contracts with a sixth global macro manager for another $30 million commitment. He declined to name the firm.

The $180 million allocation to global macro strategies marks Wyoming's first investments with hedge funds, following an approval from the board last April for permission to invest in these vehicles and other alternatives. May and the pension's investment