Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

News Archive

Read More Industry News >

Texas Pension Commits $2.4B to Alternative Funds

Aug 22, 2013
Jing Chen

The Texas Employees Retirement System of Austin has approved a $2.4 billion alternative investment allocation for 2014.

Pensions & Investments reported that the $24.2 billion pension fund plans to reach the 5% target allocation, or $1.3 billion, to hedge funds by the 2014 fiscal year. The pension is also targeting a $700 commitment toward six to 10 private equity funds by next year.

With two new allocations to an undisclosed event-driven hedge fund and a relative value strategy, ERS' hedge fund portfolio will total about $670 million by September 1.

The pension's private equity portfolio totaled a net $1.5 billion as of June 30.

Read More Industry News >


Want to subscribe?

Join 15,000+ of your colleagues to receive daily hedge fund news from the definitive source in traditional and hedge fund data.

Subscribe Now


Hedge Fund Journal Reviews eVestment's Hedge Fund Database

July, 2012

Read More