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, AS AT DATE OF ASSET ALLOCATION)

$184

Performance (%, 1YR)

-6.72

Chief Executive

Brian Guthrie

Chief Investment Officer

Jase Auby

Chair

Jarvis Hollingsworth

Asset allocation

22.6% Equity

14.2% Fixed Income

8.2% Pooled Investments

4.6% Short-term Investments

0.2% Alternatives

50.4%

Website

View the annual report

Global Pension Transparency Benchmark country system description

Asset allocation as of August 31, 2022. All information is as per the most recent annual report or other publicly available data via the fund's website

Top1000funds.com related articles

Featured Story

Texas Teachers embraces AI and talks applications and risks

The Teacher Retirement System of Texas is already using AI in its giant equity portfolio and in real estate and venture. In a recent board meeting, CIO Jase Auby and MD Mohan Balachandran explain how the technology will shape returns, investment opportunities and differentiate the fund.

Sarah RundellOctober 12, 2023

Asset Allocation

TRS defends struggling risk parity allocation for now

A recent board meeting at TRS discussed challenges in the $11 billion risk parity allocation. However, predicting stymied economic growth and continued inflation ahead, the asset class is likely to do better going forward

Sarah RundellJanuary 3, 2023

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.

Sarah RundellAugust 18, 2022

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".

Sarah RundellFebruary 22, 2022

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