Texas Employees Retirement System, Austin, added five active international equity managers to the $22 billion fund’s list of preapproved firms, spokeswoman Mary Jane Wardlow confirmed in an e-mail.
They are Acadian Asset Management, to both the ACWI ex-U.S. and emerging markets equity preapproved lists; AQR Capital Management and BlackRock, ACWI ex-U.S.; and Parametric Portfolio Associates and J.P. Morgan Investment Management, emerging markets equities.
“Decisions on funding will be on as-needed basis going forward,” Ms. Wardlow wrote in the e-mail.
Also, Texas Employees’ staff presented at a board meeting earlier this month the expected timetable for the fund’s planned fiscal 2012 asset allocation and liability study. Educational and working group sessions will continue through at least May. A final decision on the new asset allocation will be made at the Aug. 21 board meeting.