Saturday, 30 May 2015
Last updated 19 hours ago
May 25 2012 | 3:19am ET
The Fort Worth Employees' Retirement Fund is poised to add a pair of hedge fund strategies to its lineup.
The $1.7 billion Texas public pension is in the final stages of adding the strategies, HFMWeek reports. Allocations to an emerging markets relative value credit hedge fund and a global macro emerging markets hedge fund are expected in August.
The new investments will help push Fort Worth towards its 20% hedge fund target. It currently has $305 million in hedge fund investments, just $35 million below its $340 million target.
Fort Worth last year hired an event-driven hedge fund, and also employs long/short, relative value and macro/directional managers.
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…