Investigating Texas’ public pension fund investments

“As part of its ongoing examination of the Teacher Retirement System of Texas, The Dallas Morning News investigated the shadowy world of pension fund placement agents — the middlemen hired by private firms to solicit public capital.”

“The article focused on one man, a politically connected Houston investment manager, and how his work as a placement agent served as a hidden link between public fund officials and the private firms that manage — for significant fees — the investment of these public dollars.”

–IRE members can email extraextra@ire.org to read the full story.