Texas Employees Retirement System, Austin, invested an additional $25 million in Taiga Special Opportunities Fund, an opportunistic credit hedge fund managed by Orchard Global Management, a new transaction report shows.
The $27.4 billion pension fund originally invested $100 million in the hedge fund in July 2017, according to the report.
As of June 30, the actual allocation to absolute return was 4.1%; the target is 5%.
