Texas Teachers Invest $200M In Asia Private Equity

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.


In Depth

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Is Steven Cohen Going to Buy the Brooklyn Nets?

Jan 19 2015 | 6:49am ET

Rumors that Steve Cohen was interested in the Brooklyn Nets emerged after Scott...

Guest Contributor

Investors Benefit From Evolution Of Fund Of Hedge Funds Model

Jan 22 2015 | 12:27pm ET

The evolution of the fund of hedge funds model over the last few years represents...

 

Editor's Note