The Wisconsin state pension continues to fill its new 2% allocation to hedge funds.The $81.8 billion State of Wisconsin Investment Board has invested $100 million in a long/short credit fund managed by MKP Capital Management. A spokeswoman for the pension plan confirmed the allocation.
This is Wisconsin’s second investment in hedge funds. In February, the pension invested in the global fixed-income relative value strategy managed by Capula Investment Management. Consulting firm Cliffwater is assisting with manager selection.
The flagship MKP Credit fund returned 15.31% in 2010, but has lost 2.11% this year through the end of April. The fund has about $2.8 billion in assets, while MKP, which is based in