Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

19 May 2012

Nephila wins $250mn pension fund mandate

15 June 2011

A Pennsylvania state pension plan has approved a proposed $250mn investment in Nephila Capital's Palmetto Fund, taking the hedge fund's overall assets under management well over $4bn.

The board of the Pennsylvania Public School Employees' Retirement System (PSERS) voted on 10 June in favour of the investment, according to information on its website.

The fund has committed up to $250mn to invest in Class G shares of Nephila's Palmetto fund, according to reports.

PSERS manages assets worth $50.8bn and is...

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