Texas County & District Boosts Hedge Fund, Private Equity

Mar 30 2011 | 8:54am ET

A Texas public pension system has increased its hedge fund target by one third and its private equity target by a quarter.

The Texas County & District Retirement System boosted its absolute return target to 20% from 15%. In addition, the $18 billion system increased its p.e. target from 8% to 10%. The changes resulted in reduced targets for international equities, core fixed-income and Treasuries.

While it was unclear whether the rebalanced portfolio targets would lead to any searches, the pension did commit $40 million to a pair of Summit Partners private equity funds.


In Depth

Q&A: MackeyRMS's Chris Mackey On A High Tech Fix To Broker Votes

Jun 23 2017 | 8:17pm ET

The looming implementation of the EU’s MiFID II rules regarding research has put...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of