TCDRS Invests $400M More In HFs

Texas County & District Retirement System (TCDRS), Austin, has made new or follow-on investments totaling $400 million in 14 hedge funds this month, Pensions & Investments reports. The system contributed $18 million each to Brigade Leveraged Capital Structures Fund and Taconic Opportunity Fund, $50 million to Archipelago Partners and $25 million to Canyon Value Realization Fund.

The system committed more assets to several other the hedge funds including Caxton Global Investments (USA), Claren Road Credit Partners and Silver Point Capital Fund. TCDRS, which was set up in 1967, is governed by the Texas Legislature and overseen by an independent board of trustees.

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