According to a recent article from Infovest21, the Texas County & District Retirement System (TCDRS) committed an additional $200 million towards hedge funds, distributed among two funds that are new to the $21 billion pension plan. The new allocations bring TCDRS’s hedge fund allocation total to $1.3 billion.
TCDRS has consistently been increasing its allocation to hedge funds since 2012 when it allocated over $550 million to hedge funds. Through March 31, 2013, the system’s hedge fund portfolio one-year average return was 9.3%.
For more on the TCDRS pension allocations, visit Infovest21 here.