Texas Municipal Retirement System, Austin, is conducting shortlist searches for active domestic all-cap equity, international all-cap equity and non-core fixed-income strategies, confirmed spokesman Bill Wallace.
The size of the allocations has not been determined. Funding for the equity searches will come from passive equity portfolios; core bond portfolios will fund the fixed-income search.
Mr. Wallace said the $21 billion pension fund's initial focus will be on domestic equity strategies and bank loans and/or collateralized loan obligations.
Manager recommendations are expected in September.