| Many pension funds may be feeling pain in a low yield world, but one fund is turning the tables. Steve LeBlanc senior managing director for the teacher retirement system of Texas tells us that his fund is outperforming the S&P, largely by partnering with private equity. “We share our best ideas and they share their best ideas,” he says.
Although the specifics are somewhat complex, the core idea is relatively simple. “We can lock up capital for a longer-term,” explains LeBlanc. In fact, when LeBlanc partners with private equity, a typical investment will have a time horizon of 5-7 years...............................................Full Article: Source
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