realestate

Texas Teachers' Pension Fund Worries About Private Equity, Real Estate Market Volatility

Texas Teacher Retirement System staff express concerns over retail investment in private equity and real estate.

A
quiet player is seeking to influence the Government Pension Investment Fund's manager selection process. The results so far have been unimpressive. Last year was a tough one for the fund's overseas equity managers, which could shift attention to Applied Academics, the little-known consulting firm hired three years ago to revamp active management.

Texas teachers' pension fund officials discuss private equity and real estate market risks.