Institutional Investors

Texas Retirement System fills 20% allocation

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The Texas County & District Retirement System is now fully invested in its hedge fund programme after putting the finishing touches on its portfolio that was boosted from a 15% allocation to 20% earlier this year.

The Reservoir Strategic Partners Fund received a $40 million allocation in July, following a series of allocations totalling $680 million in April. Hedge funds hired by the Texas county pension fund in April were: AG Super Fund ($40m); Brevan Howard ($70m); Caxton Global Investments ($70m); Claren Road Credit Partners ($40m); Davidson Kempner Institutional Partners ($30m); Eton Park