Texas ERS considers emerging hedge funds

Tue Apr 6, 2010

The Texas Employees' Retirement System has included hedge funds and absolute return strategies in its new investment policy that could possibly include hedge funds, initially via an emerging manager programme.

Earlier this year, trustees of the $20 billion retirement fund approved a 5% allocation to absolute return strategies.

The allocation would include investments in private funds...

ISSN: 2151-1845 / CDC10004H

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