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

Steinbrugge: Will Hedge Funds Help or Hurt During the Next Market Correction?

Sep 7 2016 | 11:55pm ET

Most investors have become accustomed to quick rebounds when markets correct, but...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

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...