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Texas Teachers Pension Commits $465 Million to Three Real Estate Funds

The Teacher Retirement System of Texas has committed $465 million to three real estate funds, which will invest in a gamut of sectors including residential, industrial, hotel, retail and offices. More from IPE Real Estate: The pension fund is committing $200m to Westbrook Real Estate Fund X, $200m to Carlyle Realty Partners VII and $65m as a co-investment ...
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Texas Pension Accounting Tweak Will Shift Debt to Schools, If Only Symbolically

In light of newly adopted GASB accounting rules, the Teacher Retirement System of Texas in 2015 will require school districts, colleges – and any other government entities that pay into the system – to declare their employees’ pension liabilities on their books. From the Killeen Daily Herald: School districts across the state will soon have more ...
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Texas Fund Cuts Hedge Fund Allocation By 1 Percent

The Teacher Retirement System of Texas, one of the largest pension funds in the country, announced Thursday it would cut its allocation to hedge funds by 1 percent. It also changed its target allocations for equities and bonds. Reported by Bloomberg: The board of the $126 billion Texas system approved the change today following an asset allocation ...
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Houston Firefighters Fund CIO Resigns

Christopher Gonzales, the Chief Investment Officer of the Houston Firefighters Relief and Retirement Fund (HFRRF), resigned from his position today. As Pensions & Investments reports: Mr. Gonzales said he has taken a position with a corporate retirement plan. He declined to provide further information. He has been CIO at the pension fund for 13 ...
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