Private Markets Firms See Teacher Retirement System of Texas as ‘Poaching Ground’
TRS has lost 21 people over past two years to outside
firms.
TRS has lost 21 people over past two years to outside
firms.
System also commits over $5 billion of capital to
managers.
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.