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.

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