Sylvia Bell was named interim director of the emerging managers program at Texas Teacher Retirement System, Austin.
Ms. Bell currently is managing director, investment operations, at the $132 billion pension fund, a role she will retain while overseeing the emerging managers program, said a notice on the pension fund’s website.
She is the third director of the program appointed by the pension fund within the past 15 months. Cheryl Lynette Hines had been the director. She joined TRS in November 2014, and “recently announced plans to leave her position and pursue other opportunities,” the TRS notice said. Ms. Hines succeeded Stuart Bernstein, who left in July 2014.
Neither Howard Goldman nor Juliana Fernandez Helton, TRS spokesmen, were available to provide more information about the timeline for finding a new program director.
About $2 billion currently is invested in 147 funds managed by women-, minority- and disabled veteran-owned money management firms.