On Friday, we reported the multi-billion dollar Teachers Retirement System of Texas (TRS) had withdrawn its allocation to hedge funds. Professional Pensions was wrong - TRS has slightly reduced its allocation not withdrawn it.
The changes the TRS board of trustees made followed a strategic asset allocation review conducted by the scheme's investment management division over the past year. The strategic allocation revi...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
