How Texas Teachers is revising its investing strategy

Everything is bigger in Texas, so the saying goes. And the US state’s largest pension fund is certainly living up to the trope by conducting a major, multi-faceted revamp of how it invests globally. The Teacher Retirement System of Texas (Texas TRS) could next almost double its internal investment team headcount, having overhauled its equity portfolio last year. The institution is also looking to set up an office in Asia to help manage its $22 billion of assets in the region. And …