Texas County & District 'tops up' Brevan Howard global macro portfolio

Texas County & District Retirement System, Austin, “topped up” its investment in Brevan Howard Asset Management's flagship global macro hedge fund with an additional $50 million, invested on Saturday, said Paul J. Williams, investment officer, in an interview.

The $17.6 billion retirement system made its first investment — $70 million — on April 1, 2011. With the latest addition to Brevan Howard's fund, TCDRS' hedge fund commitments totaled $2.76 billion, according to a transaction report on the retirement system's website.