Wednesday, 22 February 2017
Last updated 5 hours ago
Nov 24 2009 | 9:53am ET
The Teacher Retirement System of Texas has awarded a pair of Asian private equity firms with mandates worth $200 million.
The $83 billion pension fund has hired Squadron Capital and Morgan Creek Capital Management. Each will invest $100 million in emerging Asia p.e. funds as the teachers seek to capitalize on the region’s fast rebound from the recession.
The Texas pension has also started a fund of its own in another hot area for investment: gold. The fund has launched a $250 million vehicle that invests in precious-metal miners and exchange-traded funds, it said.