Texas County & District Retirement System, Austin, hired Gresham Investment Management to manage an undetermined amount in active, long-only commodities.
Trustees of the $23 billion fund on Thursday approved the recommendation of the pension fund's investment department to hire Gresham, Paul J. Williams, investment officer, said in an e-mail.
Separately, TCDRS committed $45 million to natural resources-focused private equity fund Quantum Energy Partners VI. The new fund will invest in energy companies in the oil and gas upstream, midstream, oil field service and power generation sectors.
Mr. Williams said the system invested in two earlier Quantum funds. He did not provide the size of the previous investments.
