On June 29, the Texas Pension Board received updates on the recent progress and changes pension funds have made. The City of Midland and pension officials presented their case at the beginning of the meeting, and PRB staff actuary David Fee followed on with additional reports:
A recently released report from Ortec Finance has some interesting findings about the U.S. public pension plan sector. According to the Ortec Finance report, 90% of public sector pension plan managers expect to increase spending on scenario modeling and stress testing in the next two years to manage market shocks. For TEXPERS System Members, scenario modeling and stress testing are familiar tools they use to better understand how market volatility may affect their pensions. We'll look at the report's key findings and provide context.
TEXPERS is holding Basic and Advanced training on Saturday, April 1, 2023, at the Austin Marriott Downtown, 304 E. Cesar Chavez St.
The Texas Pension Review Board meets at 10 a.m. CT on Thursday, Oct. 6, 2022, in Austin at the Capitol Extension, Room E2.028, located at 1100 Congress Avenue.
TEXPERS has a section on its website where it publishes requests for proposals, those public documents that announce a project and invite proposals from service providers.
There are 1.07 million minority-owned firms in the United States with 9.3 million employees and $344.5 billion in annual payroll, according to the 2019 Annual Business Survey.
Napier Park Global is a Silver Sponsor of TEXPERS' 2022 Summer Educational Forum Aug. 21-23 in El Paso, Texas, and is sending Amit Sanghani, managing director and product specialist for the firm's global credit and real asset strategies.
The Institutional Limited Partners Association's ILPA Institute will be in Austin May 11-12, 2022, offering its executive education programming for trustees. The Private Equity for Trustee course explores the basic aspects of the private equity asset class, the economics of a private equity investment, the current state of the market, and its external perception. The program fee is $1499 and will run from 9 a.m. to 5 p.m. each day at the DLA Piper Austin Office, 303 Colorado St., Suite 3000, in Austin. For more information and to register, contact Mandy Ilk at [email protected].
TEXPERS members are trustees, administrators, professional service providers, employee groups, and associations engaged or interested in managing public employee retirement systems.
With headline inflation at multi-decade highs investors are rightly concerned and it bears an in-depth look. Some of the drivers of price rises have persisted longer than the Fed expected. But looking beyond the headlines at some of those drivers of the last twelve months could be useful.
Editor's note: Before Steve Toyota, a Vice President on the Business Development team at fund management and investment advisory firm Capital Dynamics, he spent 28 years with the Miramar Police Department. He retired from the police department in February of 2021. He had served as a trustee on the Miramar Police Officers' Retirement Plan Board since 1998 and was chairman of the Board from 2005 to 2019. During his 20-plus years as a trustee on this retirement plan's Board, he worked with investment managers of nearly every asset class, helping grow the plan from $20 million to $260 million. At Capital Dynamics, as a global private asset manager, he focuses on private equity, private credit, and clean energy infrastructure and has gained extensive knowledge and experience developing solutions tailored to meet the needs of a diverse and global client base of institutional investors, including public pension systems. In this blog post, he explains why it is important for trustees to get involved in their retirement plan's decisions, why he moved from policing to investment management and offers advice to trustees.
What do pension funds in Australia, France, Sweden and Texas have in common? Definitely not their asset allocation, level of transparency, governance system or cost structure.
