Former Head of ESG at Teacher Retirement System of Texas Lands at Wilshire
Lauren
Gellhaus will focus on pension plans for the institutional advisor.
Lauren
Gellhaus will focus on pension plans for the institutional advisor.
Bulk of capital deployed into two private equity funds
and a real estate fund.
System backs CoinFund Ventures among four commitments done
over the summer.
With investment firms seeking to attract
trillions from smaller investors, large allocators could have co-investment
opportunities, fee cuts reduced.
Lauren Gellhaus took over role in 2020; next
move not disclosed.
Potential
to reduce fees paid to PE managers and generate strong returns spurs
institutional investors to find ways to collaborate with firm managers.
System
looks to double investing in sector in ’22, driven in part by success in
backing natural gas entities.
TRS has lost 21 people over past two years to outside
firms.
Kirk Sims joined the $180 billion Teacher Retirement System of Texas (Texas TRS) in 2019 to direct its emerging manager program, and has coached a 5-year annualized return of 11.1%. Here’s how he does it.
Pension fund
urged to expand peer group and tie compensation to performance.