Texas Pension Picks BlueCrest, Brevan For Credit

Jan 11 2013 | 11:33am ET

The Texas County & District Retirement System has invested $400 million with BlueCrest Capital Management and Brevan Howard Asset Management.

The $17.6 billion pension awarded each firm $200 million, to be invested in their respective credit strategies. The investments were made on Jan. 1, Pensions & Investments reports.

London-based BlueCrest is new to TCDRS. The pension already invests in Brevan Howard's flagship global macro fund, although the new allocation to its Credit Catalysts Fund exceeds the $120 million previously allocated to the flagship.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of