Saturday, 30 July 2016
Last updated 15 hours ago
Mar 10 2006 | 12:00am ET
The $400 million Austin (Texas) Police Retirement Fund has informed BlackRock that the fund will liquidate its $10 million hedge fund portfolio that focuses on energy companies.
Sampson Jordan, administrator, said the plan decided to put the money with Wellington Asset Management, which manages an all-cap energy fund for the plan.