Texas Pension Puts Another $400M In Hedge Funds

Oct 21 2011 | 9:49am ET

The Texas County & District Retirement System boosted its commitments to hedge funds by $400 million this month, according to a transaction report on the $18.4 billion fund’s web site.

The money includes commitments to four new hedge funds, including $18 million each to Brigade Leveraged Capital Structures Fund and Taconic Opportunity Fund, $50 million to Archipelago Partners and $25 million to Canyon Value Realization Fund.

The Texas pension made follow-on commitments to a 14 funds, including an additional $50 million to Caxton Global Investments (USA), bringing its total to $120 million. Claren Road Credit Partners and Silver Point Capital Fund were each allotted another $40 million, bringing each fund’s total to $80 million. Davidson Kempner Institutional Partners got another $25 million, for a total of $55 million while Glenview Institutional Partners received another $30 million for a total of $50 million.

Meditor European Master Fund was allocated another $30 million for a total of $145 million; an additional $20 million each went to Indus Asia Pacific Fund and Pershing Square for a total of $40 million for each fund. Viking Global Equities got another $10 million for a total of $140 million and Wexford Spectrum Fund received another $25 million for a total of $115 million.

These latest hedge fund commitments, dated October 1, mean the Texas County & District System has almost reached its 20% asset allocation target.

On Oct. 14, reports Pensions & Investments, the fund committed $40 million to Summit Partners Credit Fund.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of