Newsmakers
Texas Teachers’ Launches Strategic Asset Study
Pension notes that the current asset allocation is ‘good…but can we do better?’
Commitments primarily focused on real estate and infrastructure.
The two public pensions systems would be the latest among dozens that have lowered return expectations in the last 12 months.
Guthrie says increasing the team will be a “hard sell” to legislature.
Plans to supersize internal staff, cut external costs by at least $600 million.