Saturday, 10 October 2015
Last updated 4 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.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…