Texas County & District Boosts Highline, Lakewood

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.


In Depth

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Is Steven Cohen Going to Buy the Brooklyn Nets?

Jan 19 2015 | 6:49am ET

Rumors that Steve Cohen was interested in the Brooklyn Nets emerged after Scott...

Guest Contributor

Investors Benefit From Evolution Of Fund Of Hedge Funds Model

Jan 22 2015 | 12:27pm ET

The evolution of the fund of hedge funds model over the last few years represents...

 

Editor's Note