Wednesday, 22 February 2017
Last updated 13 hours ago
Apr 21 2014 | 10:42am ET
A Clinton Group hedge fund’s work for the Austin Police Retirement System is done.
The $610 million Texas pension plans to redeem $16 million from the firm’s Magnolia hedge fund, Pensions & Investments reports. APRS CEO Sampson Jordan told P&I that the fund had matured and its investment horizons had been met.
Austin will also liquidate its holdings of a CBRE Special Situations distressed fund for the same reason. The pension has $10.8 million invested in that vehicle.