Asset Allocation
Texas Teachers Returns 12.7% in Fiscal 2024
The $209.5 billion pension is expected to be fully funded by 2052.
Tag: TRS
Asset Allocation
Equities Fuel Kentucky Teachers’ Pension’s 12.3% Fiscal 2024 Gains
The TRS’ annuity trust’s asset value grew to nearly $26 billion despite missing its benchmark by more than 150 basis points.
Manager Selection
Illinois Teachers’ Pension to Prioritize Liquidity, Volatility Protection in New Asset Allocation Plan
The fund also made up to $570 million in commitments to new and existing managers.
Pensions
NYC Comptroller: Major Banks Neglect Their Own Net Zero Goals
Three of the city’s pension funds filed shareholder proposals seeking greater fossil-fuel transparency at six of the largest banks in North America.
Pensions
Texas TRS, ERS to Host Emerging Manager Conference
The virtual event on February 28, 2024, is part of an ongoing effort to identify emerging managers.
Manager Selection
Illinois Teachers’ Names Ghiané Jones as Deputy CIO
Previously an investment consultant with Meketa, Jones started in the newly created position on October 10.
Newsmakers
NYC Pension Funds Sued for Divesting $4 Billion in Fossil-Fuel Assets
The complaint alleges breach of fiduciary duty in ‘misguided and ineffectual gesture to address climate change.’
Newsmakers
Oklahoma Taking Names as It Seeks to Weed Out ESG Investors
State Treasurer Todd Russ is making a list of companies that break the state’s anti-ESG law.
Newsmakers
Teachers’ Retirement System of Illinois Issues RFP for Investment Consultant
The $60.7 billion pension system is seeking a firm to assist in investment decisions after RVK’s 5-year term expires this year.
The Problem with Pulling Out of China
Many U.S. and other nations’ companies are thinking about transferring elsewhere. Easier said than done. Investors could be collateral damage.
Newsmakers
Connecticut Reins in Public Pension Costs
The state general assembly forecasts $290 million in pension cost cuts by 2026 thanks to a volatility cap excess.
One Big Reason Canadian Plans Are So Well Off: International Investing
Their overseas exposure is expanding, while US funds stay mostly at home.
Pensions
Texas TRS Names Heather Traeger General Counsel
Former general counsel Carolina de Onís has moved to UTIMCO.
Asset Management Culture
Illinois TRS Executive Director Richard Ingram Resigns
Ingram steps down after being placed on administrative leave due to ‘performance issues.’
Coronavirus - COVID-19
Report: Virus’ Effect on NYC Teachers’ Pension Fund Poses Risk to City
NYU pinpoints the program’s unique Tax-Deferred Annuity offering and contribution volatility as threats.