13/07/2011 Author: Shannon Hawthorne

Forth Worth pension boosts Winton spend

The $1.7bn Forth Worth Employees’ Retirement Fund has boosted its allocation to managed futures fund Winton Capital, approving an additional investment of $5m at a meeting last month.

The board also approved the re-allocation of its current investment in the DE Shaw Composite fund into the DE Shaw Oculus fund during the same meeting, the pension fund’s minutes reveal.

The move comes as the fund prepares to search for a new event-driven manager to add to its portfolio.

Fort Worth currently allocates around 17% of its overall portfolio to hedge fund strategies. As of 20 May, the fund’s hedge fund portfolio was up 2.27%, compared to benchmark returns of 0.92%.

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