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Texas Pension Official: Sovereign-Wealth Funds Crowd Out Pensions on Co-Investing Opportunities

At a recent board meeting, a top official at the Teacher Retirement System of Texas outlined an emerging source of competition for pension funds looking to co-invest: sovereign wealth funds. Britt Harris, the pension fund’s CIO, said that his fund might have to consider new strategies to get in on the best co-investing opportunities, according to ...
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