Texas Employees Retirement System, Austin, invested or committed a total of $63.5 million to two alternative investment strategies in January, a transaction report showed.
Investment officers of the $29.1 billion pension fund invested $60 million in Laurion Capital, a quantitatively managed global relative-value hedge fund. The fund's manager, Laurion Capital Management, is a new manager for ERS, which had about $1.3 billion invested in hedge funds as of Nov. 30.
From the pension fund's $4.1 billion private equity portfolio, an additional commitment of $3.5 million was made to CO20200110, a co-investment fund, for a total of $22 million, the report said.
It is ERS policy not to identify the manager or strategy of its co-investments.