Tuesday, 25 October 2016
Last updated 34 sec ago
May 1 2014 | 5:11am ET
The city where the west begins has lost faith in a BlackRock hedge fund.
The $2.1 billion Fort Worth Employees’ Retirement Fund is redeeming its entire $12.5 million investment in BlackRock’s Global Ascent Fund. The Texas pension hasn’t decided how to redeploy the money, Pensions & Investments reports.
The pension wouldn’t say why it was cutting ties with the global macro fund.