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

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of