Texas County & District Retirement System, Austin, committed or invested $300 million total to two managers in February, a transaction report on the $24.6 billion pension fund's website showed.
The pension fund invested $225 million in KLS Diversified Fund, a relative-value hedge fund managed by KLS Diversified Asset Management.
The pension fund also committed $75 million to Davidson Kempner Long-Term Distressed Opportunities Fund III, managed by Davidson Kempner Capital Management. The pension fund previously committed $75 million to predecessor fund Davidson Kempner Long-Term Distressed Opportunities Fund II in February 2013 and $50 million to Davidson Kempner Special Opportunities Master Fund II in July 2014.
