Tuesday, 7 July 2015
Last updated 17 min ago
Jul 24 2014 | 7:38am ET
A Texas pension fund has increased its hedge-fund investments by about 20%, allocating an additional $60 million to two of its current managers.
The Texas County & District Retirement System boosted its investment in Highline Capital Partners by $50 million at the beginning of the month, Pensions & Investments reports. The follow-on allocation comes just three months after the $23 billion pension first invested $150 million with Highline, which now accounts for the majority of TCDRS’ $380 million hedge fund portfolio.
TCDRS also doubled its investment with Lakewood Capital Management, adding $10 million to the long/short hedge fund on July 1. The pension first allocated to Lakewood in February.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…