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