Bahrain- and London-listed alternative investment house Investcorp INVB.BH (INVBq.L) said on Tuesday it has been appointed to manage two hedge fund accounts in the United States worth $310 million.
It said the deals bring the total new hedge fund mandates received this year in the United States to a total of more than $1 billion.
Investcorp said a large U.S. insurer had mandated it with a $250 million hedge fund portfolio, while a $60 million mandate came from a pension fund, without providing further details.
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