Fort Worth Pension Quits BlackRock Global Macro Fund

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.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...