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...

ISSN: 2151-1845 / CDC10004H

Free Trial

Take a trial today and access

  • Performance news, fund launches, regulation changes and people moves
  • Profiles of fund managers, investors and distributors
  • Live league tables
  • Investor mandates

Popular Searches on HFI