The sixth-largest U.S. public pension fund in the U.S. has reduced its allocation to hedge funds, but lowered exposure to equities by a much larger percentage. Teacher Retirement System of Texas cutting exposure to equities by 4% and hedge funds by 1% The Teacher Retirement System of Texas announced it was cutting its exposure to equities by four percent, reducing hedge exposure by one percent while adding five percent exposure to risk parity and private market exposure, Bloomberg is reporting. “These new allocations are expected to be funded from a diverse set of asset classes across the trust in order…
Texas Teachers Cuts Allocation Towards Equities, Hedge Funds
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.