Asset Owner Directory

Teacher Retirement System of Texas

The Teacher Retirement System of Texas (TRS) is the largest public retirement system in Texas, serving more than 1.6 million people. TRS improves the retirement security of Texas public education employees through their “best in class” investment management and diligent delivery of pension and health care benefits.

Country

United States

AUM ($B)

$201

Performance

24.98

Chief Executive

Brian Guthrie

Chief Investment Officer

Jase Auby

Chair

Jarvis V. Hollingsworth

Asset allocation
TRS believes in a long-term strategy of risk management, active investing and asset allocation. TRS designs this mix to deliver a well-balanced and globally diversified portfolio. It operates as the market’s “strong hands,” creating sustainable competitive advantage.

25.1% Equity

16% Fixed Income

8.9% Pooled Investments

4.2% Short-term Investments

0.2% Derivatives

45.6% Alternatives

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Sustainability

As inflation batters, TRS eyes natural gas

Inflation woes dominated at a recent TRS board meeting. However the Texas-based fund, one of the few remaining investors in fossil fuels, has benefited from its allocation to energy and is currently eyeing opportunities in natural gas infrastructure as US producers gear up to supply global demand in Russia's absence.
Sustainability

TRS rethinks proxy benchmarks on climate

Texas Teachers has kicked back against its proxy advisor ratcheting up voting powers on companies subject to its benchmark policy climate provisions. Rather than blindly follow climate voting advice, TRS will introduce a customised benchmark to give it freedom to vote in accordance with the pension fund’s "best economic interests".