Private Equity, the Hot Asset Class for Allocators, Faces Headwinds
Deals are expected to fall far short of 2021’s record-breaking level.
Tag: Texas ERS
Pensions
Texas ERS Hacker Gets 8 Years in Prison
Olumide Morakinyo created unauthorized accounts for participants who hadn’t set them up.
Corporate Moves
David Veal to Join Texas Employees Pension as CIO
He leaves the Austin, Texas, city pension fund after five years to replace outgoing CIO Tom Tull.
Asset Allocation
Big Oil Strikes Back at ESG
A Texas bill would force the state’s retirement systems to divest from companies that divest from fossil fuels.
Risk
Texas ERS Could Become Insolvent 20 Years Earlier than Previously Anticipated
An actuarial valuation report cites the plan’s risk of going insolvent by 2075.
Corporate Moves
Deputy CIO and Former NextGen Departs Texas Pension Fund
The alts-focused Sharmila Kassam moves to Funston Advisory Services.
Newsmakers
Texas ERS Terminates Decade-Old Relationship with Investment Consultant
ERS also brings a new infrastructure private equity consultant on board.
Texas ERS, PAAMCO to Seed Emerging Hedge Funds
The joint venture, called PAAMCO Launchpad, aims to pump in $3 billion.
Newsmakers
Employees Retirement System of Texas Lowers Expectations
Board of trustees votes to cut expected rate of return to 7.5%.