Fund of Hedge Funds Institutional Investors

Texas Permanent prepares for FoHF quest

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The $22 billion Texas Permanent School Fund is considering a search for absolute return strategies.

Trustees discussed a search back in March, as officials were planning to approve a new investment policy at the end of April in addition to holding an educational session on risk parity. Goldman Sachs, which manages fund of hedge funds assets for Texas Permanent, remains on a watchlist, according to meeting agenda for early May.

Goldman Sachs was selected in January 2008 to provide investment management services for the absolute return fund of funds asset