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

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...