Texas Teachers Makes Hires

Mar 17 2006 | 1:00am ET

The Teachers Retirement System of Texas has hired three funds to manage assets allocated to the plan's absolute return portfolio.

The funds are GMAC Commercial Realty Partners II, TPG V and GoldenTree High Yield Master Fund. Juliana Helton, spokeswoman, said GMAC will manage up to $75 million for the plan and TPG will handle up to $300 million.  


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