Texas Teachers to double hedge fund allocation
By Anastasia Donde
Mon Jun 27, 2011
The legislature in Texas passes a bill that will allow the Texas Teachers fund to invest up to $10.9 billion in hedge funds.
Texas Governor Rick Perry signed a bill into law earlier this month that will allow the Teacher Retirement System of Texas to double its hedge fund investment limit to 10%. The $109 billion pension is just shy of its previous 5% limit, with about $4.2 billion invested in hedge funds.
Spokesman Howard Goldman declined to...
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