Asset Owner Directory

Tennessee Consolidated Retirement System

TCRS was established in 1972 with the consolidation of seven separate retirement systems for state employees, public higher education institution employees, public school teachers and employees of political subdivisions electing to participate in TCRS. TCRS is the defined benefit plan component of RetireReadyTN, providing lifetime retirement, survivor and disability benefits.

Country

United States

AUM ($B, AS AT DATE OF ASSET ALLOCATION)

$66

Performance (%, 1YR)

25.6

Chief Executive

Jamie Wayman

Chief Investment Officer

Michael Brakebill

Chair

David H. Lillard

Asset allocation
TCRS has a diversified portfolio acoss geographies and assets. The Plan’s adherence to its strategic asset allocation despite market volatility and its long duration bias in fixed income contribute to its strong peer ranking.

29.9% Domestic Equity

1.8% Canada Index Fund

13.3% International Developed Market

3.7% International Emerging Market

25.7% Domestic Fixed Income

0.1% Inflation-Indexed Fixed Income

9.0% Real Estate

7.4% Private Equity

7.4% Strategic Lending

1.7% Cash and Cash Equivalents

Website
View the annual report
Global Pension Transparency Benchmark country system description

Asset allocation as of June 30, 2021. All information is as per the most recent annual report or other publicly available data via the fund's website

Top1000funds.com related articles
Uncategorised posts

Did they say that? CIO quotes from 2013

Each year conexust1f.flywheelstaging.com interviews CIOs and executive staff of the world’s largest asset owners, gaining insight into their investment strategy, asset allocation and demands from managers. In 2013 funds were focused on costs, increased portfolio look-through, “partnering” with managers and how to position fixed income exposures. This selection of quotes from CIOs of some of […]
Amanda WhiteDecember 20, 2013
Investor Profile

Pulling lots of small levers in Tennessee

Michael Brakebill had never visited Nashville, Tennessee before he interviewed for the role of chief investment officer at the $36.6-billion Tennessee Consolidated Retirement System (TCRS) back in 2008. Landing the job at the defined benefit scheme for Tennessee’s public sector workers, he left his position as head of domestic equity at Texas’ Teachers Retirement System […]
Sarah RundellOctober 2, 2013
Uncategorised posts

Tennessee plans asset allocation review

The Tennessee Consolidated Retirement System will conduct an asset allocation and portfolio implementation review, with an equities increase and reorganisation of the fixed income portfolio a likely outcome, as it investigates how to increase the returns of the fund at a strategic level.
Amanda WhiteApril 6, 2010
Asset Owner Directory
Fund NameCountryAUM ($B)ArticlesMore Info

Swiss Federal Pension Fund PUBLICA

Switzerland$681View Info

California Public Employees Retirement System (CalPERS)

United States$439290View Info

Australian Retirement Trust

Australia$15921View Info
View more funds