Wednesday, 2 September 2015
Last updated 15 min ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…