Texas $23B pension targets 5% to hedge funds

By Anastasia Donde

Wed Aug 24, 2011



The Texas pension fund for public employees plans to plow $1.15 billion into hedge funds within the next three years.


The $23 billion Employees Retirement System of Texas plans to allocate 5% of its capital—about $1.15 billion—to hedge funds within the next three years.

According to the pension plan's annual tactical plan outline, which was presented to its trustees at a board meeting yesterday, Texas ERS plans to make $358 million in commitments in 2012, $500...

ISSN: 2151-1845 / CDC10004H

Register

By registering you will receive

  • A monthly newsletter on your specified areas of interest
  • A fortnightly update on the sector

Free Trial

Take a trial today and access

  • Performance news, fund launches, regulation changes and people moves
  • Profiles of fund managers, investors and distributors
  • Live league tables
  • Investor mandates


Popular Searches on HFI