The State of Wisconsin Investment Board funded another hedge fund in its portfolio with a $100 million allocation to MKP Credit.
The allocation to the long/short credit fund was the second in the hedge fund portfolio at Wisconsin and follows the move to fund Capula with a $100 million allocation to the Capula GRV fund, a global relative-value strategy, earlier this year. The funding comes from rebalancing.
The $81.8 billion Wisconsin Retirement Fund has a proposed allocation of 2% to hedge funds. The multiple-manager hedge fund portfolio will be diversified by style, strategy, geography and manager. The investment