US - The Teachers Retirement System of Texas' (TRS) strategic partnership programme, which allows managers to provide proprietary research to the scheme alongside running broad asset management mandates, has returned 7.3% since its implementation a year and a half ago.
The launch of the scheme's so-called Strategic Partnership Network in April 2008 was believed to be the first time a US public pension plan had teamed up with asset managers in such a way. The p...
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