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CURRENT Firm/Fund Launches & Allocations

BlackBox Offering Isolates Big Stat-Arb Plays

A statistical-arbitrage manager with a history of strong returns is setting up a vehicle that would employ the higher-capacity strategies of its flagship fund.

BlackBox Group is calling the new offering Unlimited Alpha. It would invest alongside the existing BlackBox Master Fund in pairs trades involving long and short positions in closely related stocks — say, the Class-A and -B shares of a single company.

BlackBox has yet to set a launch date for the new fund...

N.Y. Common Fund moves $1.9 billion to 7 managers

The New York State Common Retirement Fund, Albany, made seven commitments and investments worth $1.89 billion, according to information posted on the website of Thomas DiNapoli, the state comptroller and sole trustee of the $209.2 billion pension fund.

The transactions were made in August...


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