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Austin Police To Liquidate Excelsior Mandate

The City of Austin Police Retirement Fund is terminating one of its hedge fund investments.

The City of Austin Police Retirement Fund is terminating one of its hedge fund investments, HFMWeek reports. The $506.5 million scheme will withdraw about $1.2 million from Excelsior Investors.

The fund will maintain a $1.5 million side pocket investment in the Texas-based fund. At present, the retirement fund allocates about 9.5% of its portfolio to five hedge funds.

Click here for the story from HFMWeek.

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