The Texas Permanent School Fund, Austin, has divided its new 5.5% real-return allocation evenly between U.S. Treasury inflation-protected securities (TIPS) and commodity investments, Pensions & Investments reports. The $25 billion fund’s investment consultant NEPC advised the fund.
Investment staff will now internally manage 2.75%, or $688 million, in TIPS from the Committee on School Finance/Permanent School Fund of the Texas State Board of Education. The fund already has a 4% allocation to TIPS within its fixed-income portfolio.
Click here for the story from Pensions & Investments.
