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

Virtu Celebrates Another Year Without a Single Day of Losses

Feb 26 2015 | 9:05am ET

High-frequency trading firm Virtu Financial Inc. reported another year without a...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk: How To Get In Front Of The Problem

Feb 26 2015 | 9:53am ET

In considering the topic of risk in the hedge fund world, specifically, the oversight...

 

Editor's Note