Teacher Retirement System of Texas related stories
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Garrison to leave Texas TeachersTexas Teachers’ alternatives head Keith Garrison has resigned in order to fill the same role at the Texas Christian University endowment, following former Texas Teachers CIO James Hille.
- New Mexico tops Texas Teachers with largest alternatives allocation of US pensions
The New Mexico Educational Retirement Board has upped its alternatives allocation from 15 percent of total assets to 35 percent at the expense of the equities and fixed income asset classes. The new target surpasses that of the Teacher Retirement System of Texas as the largest alternatives allocation of any US pension plan.
- Pensions to increase alternatives allocations
An internal Citi research report finds that 75 percent of pension fund managers plan to increase their allocation to private equity over the next three years, potentially injecting $400 billion into the asset class.
- Texas Teachers to hire for alternative assets division
After getting the green light to increase its alternative assets allocation from 5.5 percent to 29 percent, the Teacher Retirement System of Texas is looking to hire at least seven senior professionals to manage the expanded allocations.