The $4.3 billion portfolio expands to include seeding and an equity stake in a high-profile hedge fund
By Ann C. Logue
Teacher Retirement System of Texas (TRS) is a big fund for a big state. The plan has accumulated $110 billion over its 75 years of operation. Since its founding in 1937, Texas Teachers now provides pension and health insurance benefits to 1,316,566 participants, 23.7% of whom are retired. Members work in all jobs in school districts, charter schools, colleges, and universities throughout the state.
In terms of contributions, actuarial status, and benefits, Texas Teachers looks like almost every other government pension plan. But look deeper, and it’s clear that it