Texas Pension Picks Five Hedge Funds For $50 Million Allocation

Aug 30 2012 | 3:42am ET

The San Antonio Fire & Police Pension Fund is making its most recent hedge fund buy go a long way.

The Texas pension, which has been reducing and remaking its hedge fund portfolio, has spread $50 million across five hedge funds. Each of the funds received $10 million from the $2.2 billion plan.

The lucky hedge funds are Brevan Howard Asset Management, DaVinci Reinsurance, Indus Capital Partners, Pacific Alliance Investment Management and Pine River Capital Management. San Antonio's allocations went to Pacific Alliance's Asia fund and Pine River's multi-strategy relative value fund.

The five new hires aren't the only hedge funds in line for some of San Antonio's money, Pensions & Investments reports. AQR Capital Management is one of three finalists for the pension's risk-party search.

Consultant Albourne Partners assisted with the hedge fund search.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.