✦ At a glance
The Texas Teachers Retirement System is making significant adjustments to its $213B portfolio, reducing emerging market exposure and private equity allocation while increasing focus on stable, developed markets and improving liquidity management. They deep dive on real estate.
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Information
2024 ↓
The stats:
Categories:
The people:
Main insights and key takeaways
This week ↓
Real Estate Portfolio Update:
Outperformance: Despite negative return, top quartile performance over 5 years.
0:02:36 ⏵
Public Equity Portfolio Adjustments:
Regional Weights: Increase allocation to US and non-US developed markets.
0:02:36 ⏵
Private Markets Annual Update:
Growth in Electricity and Natural Gas: Emphasize energy sector opportunities.
0:02:36 ⏵
Real Estate Portfolio Update:
Sector Focus: Underweight office, focus on industrial and multifamily.
0:02:36 ⏵
ENRI Performance Review:
Alpha Generation: 430 basis points of alpha in energy and infrastructure sectors.
0:02:36 ⏵
Private Markets Annual Update:
Regional Weights: Increase allocation to US and non-US developed markets.
0:02:36 ⏵
Main quotes
This week ↓
“
We have before us the proposed minutes of the May 2024 Investment Management Committee meeting. Are there any recommended changes to the minutes as presented?
— Chairman Corbis
“
We discussed artificial intelligence, the value factor and investing in value stocks, emerging markets investing, as well as Europe.
— Chase Avi
“
But anyway, long time partner with the firm. It's been, it'll be 18 years next week. It's been 6 years since I've worked with you all, and I'm very excited to be back.
— Speaker 12
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