Fort Worth Employees makes real estate, hedge fund commitments

Fort Worth (Texas) Employees' Retirement Fund committed $25 million to real estate investment manager KTR Capital Partners and $15 million to Brazilian hedge fund BTG Pactual, confirmed Ruth Ryerson, executive director and chief investment officer of the $1.8 billion pension fund.

KTR Capital invests in industrial real estate; BTG will run a global macro emerging markets strategy, Ms. Ryerson said in an e-mail.

The commitments are the pension fund's first to both managers and are subject to legal review.

The pension fund has a 13% allocation to real estate and 19% to hedge funds.

R.V. Kuhns & Associates assisted with the real estate commitment; Albourne Partners with the hedge fund selection.