Saturday, 23 August 2014
Last updated 16 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note