Teacher Retirement System of Texas
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Texas Teachers bringing risk parity in-house
trueOfficials at the $129 billion Teacher Retirement System of Texas, Austin, are gearing up to manage about $3.4 billion in a risk-parity approach in-house, making it one of the few pension funds to design and manage its own portfolio to even out risk across asset classes.
Texas Teachers puts $200 million toward car dealership co-investment
trueTexas Teacher Retirement System committed $200 million to BSREP CARS Co-Invest Pooling fund.
Texas Teachers picks new head for emerging managers
trueCheryl Lynette Hines will join the Texas Teacher Retirement System on Dec. 1 as director of the $129 billion fund's emerging managers program.
Texas Teachers commits $755 million to real estate, private equity
trueTexas Teacher Retirement System committed a total of $755 million to five private market funds in the quarter ended Sept. 30, a transaction report provided to Pensions & Investments showed.
Texas Teachers is top private equity performer — report
trueTexas Teacher Retirement System had the best 10-year annualized private equity returns among public pension funds for the end of fiscal year 2013, a report from the Private Equity Growth Capital Council said.
Texas TRS directional hedge funds generate highest alpha in fund's external markets portfolio
trueIn the three-year period ended June 30, directional hedge funds generated annualized alpha of 4.6 percentage points – the highest of any portfolio in the Teacher Retirement System of Texas' external public markets program. Directional hedge funds generated one-year alpha of as of June 30 of 5.5 ...
Texas Teachers tweaks strategic asset allocation
trueTexas Teacher Retirement System adopted a new strategic asset allocation at its board meeting Thursday that raises the allocation to private markets, adds a 5% allocation to risk-parity strategies, and slightly cuts the allocation to directional hedge funds
Texas Teachers commits $2.1 billion to 17 funds
trueTexas Teacher Retirement System committed a total of $2.1 billion to 17 private market funds in the quarter ended June 30.
Shadow capital's growth could change private equity, real estate
trueThe growing popularity of direct investment and co-investment in private equity and private equity real estate is threatening to change the general partner-limited partner relationship.
Hedge fund manager Winton Capital making headway with long-only strategy
trueNorth American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company.
Texas Teachers sticks with State Street for custody, securities lending
trueexas Teacher Retirement System rehired State Street Bank for custodial and securities lending services.
Texas Teachers' emerging managers director leaving
trueStuart Bernstein, director of the $2 billion emerging managers program at Texas Teacher Retirement System, is leaving the $130 billion fund Tuesday.
Illinois Teachers commits to 2 funds, lowers assumed rate of return
trueIllinois Teachers' Retirement System approved a total of $150 million for two commitments to existing managers from the $44.2 billion pension fund's private equity portfolio.
Texas Teachers commits $1.8 billion in Q1
trueTexas Teacher Retirement System committed a total of $1.8 billion to 14 private market investment funds in the quarter ended March 31.
Texas Teachers powers up first energy consultant
trueTexas Teacher Retirement System, Austin, hired Tudor, Pickering, Holt & Co. as the $123.9 billion pension fund’s first specialist energy investment consultant, subject to successful contract negotiations.