Searches and Hires

Texas County & District allocates $125 million to 2 hedge funds

Texas County & District Retirement System, Austin, invested a total of $125 million in two hedge funds on Dec. 1, a transaction report showed.

The $27.8 billion pension fund invested $100 million in CQS Directional Opportunities Fund, a multistrategy hedge fund managed by CQS (U.K.).

It also added $25 million to the $100 million investment made in November to Putnam Bluescale Fund, a long/short equity hedge fund managed by Putnam Investments.

The CQS investment is the pension fund's seventh in the category for an aggregate total of $695 million year-to-date through Dec. 1, according to the transaction report.