Institutional Investors

Fort Worth boosts HF portfolio by 6%


Fort Worth Employees Retirement System may not be the size of its state pension fund colleagues, but has boosted its absolute return allocation from 12% to 18%, with plans to fund the growing portfolio over the next 12 to 18 months.

The additional assets will be allocated as officials at the $1.4 billion retirement fund pare down gains from other asset classes, said Ruth Ryerson, executive director. The move comes as trustees continue to consult legal counsel regarding a $10 million investment in a Madoff feeder fund offered by Tremont