Texas Permanent adds GAM to FoHF portfolio

Thu Mar 3, 2011

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The $25 billion Texas Permanent School Fund has hired GAM and increased its allocation to Mesirow earlier this year following a vote to place K2 Advisors on a watch list.

Trustees also voted to terminate Goldman Sachs once a new contract was in place with GAM. Under the new absolute return weighting, Mesirow and GAM would manage at least $300 million each.

Last autumn, trustees considered an allocation to an...


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