Friday, 21 November 2014
Last updated 9 hours ago
Feb 13 2012 | 4:50am ET
The Texas County & District Retirement System has added a pair of hedge funds to its portfolio, spending $305 million of $885 million recently set aside for the asset class.
The beneficiaries of the $17.7 billion pension's largesse are New York-based Asian Century Quest Capital and Rowayton, Conn.-based Graham Capital Management. The latter's Global Investment Fund received $175 million, while the former was allocated $130 million, HFMWeek reports.
Texas County & District has about $2.8 billion invested in 28 hedge funds. The system at the beginning of the year increased its target allocation to hedge funds to 25%, giving it about $1.6 billion more to play around with.
Nov 4 2014 | 9:45am ET
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