Institutional Investors

Wyoming beefs up the level of credit exposure in FoHF portfolio


The Wyoming Treasurer's office that oversees the $11.5 billion of the Wyoming Permanent Land and Mineral Trust Funds and other state portfolios increased its absolute return allocation via a $150 million allocation to fund of hedge funds late last year.

The State Loan and Investment Board approved the new mandate with Grosvenor Capital Management, allocating to the Chicago firm's new Global Recovery Fund that was launched last May to invest in longer-term investment themes across fixed-income markets. The targeted strategies are not typically found in funds of hedge funds due