Fort Worth Pension Eyes Two Emerging Markets Strategies

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.

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