Sacramento County (Calif.) Employees' Retirement System disclosed a new direct hedge fund investment of $50 million in Tudor BVI Global Fund in a December transaction report included with the pension fund's upcoming Jan. 18 board meeting materials.
The $11.6 billion pension fund's investment in the global macro fund is its first with Tudor Investment, according to the report.
As of Sept. 30, the pension fund's actual allocation to absolute return was 7%, equal to its target.
