The Texas Municipal Retirement System recently allocated $1.1 billion to a hedge fund. The investment represents the first with a hedge fund.
The move by the $22.4 billion pension fund, reported by Pensions & Investments, accounts for the portfolio’s entire 5% allocation to hedge funds. As noted, funding for the allocation is coming from a rebalancing of the portfolio.
Learn more about this allocation online from Pensions & Investments.