Institutional Investors

West Virginia enters the direct investment fray

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Strategic diversification is the key to West Virginia's state pension programme if the scheme is to meet its future funding needs

Strategic diversification is the key to West Virginia's state pension programme if the scheme is to meet its future funding needs

By Susan Barreto

The tiny $8 billion state pension programme of West Virginia is positive proof that size does not matter when it comes to hedge fund sophistication, as trustees take the direct approach when it comes to a number of potential strategies.


Craig Slaughter


A little over four years ago, two of the eight pension plans served by the West Virginia Investment Management Board - Teachers' Retirement System and the Public Safety Retirement Fund - reported