Sacramento County Employees’ Retirement System has made a new direct hedge fund investment allocation of $50 million to the Tudor BVI Global Fund, a global macro fund managed by Paul Tudor Jones’ Tudor Investment Corp, according to a report by Pension & Investments Online.
The report cites a December transaction report included with materials released ahead of the $11.6 billion pension fund’s upcoming board meeting on 18 January as confirming the allocation.
The investment, the pensions scheme’s first with Tudor Investment, takes its absolute return allocation to 7%, in line with its stated target.
