Teacher Retirement System of Texas, Austin, is set to invest $100 million of its internally managed global equity portfolio in companies benefitting from Japan reconstruction efforts, Pensions & Investments reports. Companies that will provide power equipment and machinery and materials will benefit as Japan seeks to recover from the effects of the earthquake and tsunami. As of Dec. 31, 2010, the active internal global equity portfolio, known as Global Best Ideas, totaled $19.4 billion. The $108.2 billion system’s internally managed passive and overlay portfolio totaled $36.9 billion as of the end of last year.
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