Institutional Investors

Strube leaves Texas Teachers

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Matthew Strube, director of hedge funds for the $110 billion Teacher Retirement System of Texas, left the pension fund at the end of February due to family commitments.

Strube had been working at the pension fund for six years, and there is no information yet on his replacement. During his tenure at Texas Teachers he oversaw a $4.3 billion hedge fund portfolio that includes both funds of hedge funds and direct investments . The direct investment programme incorporates a fund of funds mindset.

Strube joined the pension fund in 2006 after working as a derivatives trader. He became