TESRS Names Tiffany White as its New Executive Director

Tiffany White is the new executive director of the Texas Emergency Services Retirement System, according to an announcement on the state pension fund's website.

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TEXPERS is Closed for Labor Day on Sept. 5, 2022

TEXPERS' office is closed in observance of Labor Day on Monday, Sept. 5, 2022. Labor Day is an annual celebration of American workers' social and economic achievements. Don't forget the impact of public employees on local communities.

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12 Takeaways from TEXPERS' 2022 Summer Educational Forum

Nearly 270 people attended TEXPERS' Summer Educational Forum, Aug. 21-23, 2022, in El Paso, located in the far western corner of the Lone Star State, bordering Mexico.

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House Committee on Pensions, Investments & Financial Services Holds Aug. 16 Meeting


This report, compiled by TEXPERS legislative consultants and staff in attendance, is intended to give you an overview and highlight the discussions on the various topics taken up. It is not a verbatim transcript of the discussions but based on what was audible or understandable to the observer and the desire to get details out as quickly as possible with few errors or omissions.


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Napier Park Global is Presenting as a Silver Sponsor During Upcoming Summer Forum

Napier Park Global is a Silver Sponsor of TEXPERS' 2022 Summer Educational Forum Aug. 21-23 in El Paso, Texas, and is sending Amit Sanghani, managing director and product specialist for the firm's global credit and real asset strategies.

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Oxford Funds is Presenting as a Silver Sponsor During Summer Forum in El Paso,

As a Silver Sponsor of TEXPERS' 2022 Summer Educational Forum in El Paso, Texas, Oxford Funds, LLC will send Senior Portfolio Manager Deep Maji to present.

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William Blair Investment Management is Presenting as a Silver Sponsor During Summer Forum in El Paso, Texas

William Blair Investment Management is a Silver Sponsor of TEXPERS' 2022 Summer Educational Forum Aug. 21-23 in El Paso, Texas, and is sending hard currency portfolio manager Jared Lou from the firm's emerging markets debt team to present.

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The Economic Benefit of Public Pension Dollars in Small Towns and Rural Texas

In 2018, public pension benefit dollars represented between 0.4% and 1.1% on average of Gross Domestic Product (GDP) for each county type in Texas. New research indicates that public pension plans have a particularly positive economic impact on small towns and rural communities.

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Save Money on Summer Forum Travel Expenses: Book Your Room at The Venue Hotel

Want to save on your travel expenses for TEXPERS' 2022 Summer Educational Forum in El Paso, Texas, Aug. 21-23, 2022? Reduce your costs by saving on your room, but do it quickly before the special rate ends on July 29!

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4 Webinars Offering Fresh Insights Into the Economy and Retirement

The first glimpses of global economic growth, inflation trends, and monetary policy meetings have kept financial and investment professionals busy this week. Some interesting retirement data is also set to be released soon. Online presentations offered by thought leaders from various firms in the financial, investment, banking, and research industries can provide your retirement funds insights to manage the pensions of your annuitants.Here are four webinars offering fresh insights into the latest economic market conditions and retirement research.

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TEXPERS Announces 2022 Sliver Sponsors of Summer Educational Forum

Texas Association of Public Retirement Pension Systems, a statewide nonprofit organization providing education to trustees and administrators of public employee pension funds, is pleased to announce Federated Hermes, Wolf Popper, and Napier Park as sponsors of its upcoming conference in El Paso, Texas. The firms are Silver Sponsors of TEXPERS' 2022 Summer Educational Forum Aug. 21-23 at Hotel Paso Del Norte in El Paso, Texas.

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Pension Review Board Creating New Rules for 'Plan-Friendly' FSRP Implementations

The Texas Pension Review Board committee creating rules for implementing House Bill 3898 accepted new, flexible proposals from the staff at its May meeting. The rules will be presented to the full Board on July 14 and the official public comment period will begin. Ultimate consideration of all comments and changes is planned for the October PRB meeting.

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Law Firm Wolf Popper is Presenting as a Silver Sponsor During TEXPERS Educational Forum in El Paso

Wolf Popper LLP is a Silver Sponsor of TEXPERS' 2022 Summer Educational Forum Aug.21-23 in El Paso, Texas, and is sending securities and commercial litigation attorney Joshua Ruthizer as a presenter.

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Texas Pension Review Board and Committee to Gather July 14 in Separate Meetings

The Texas Pension Review Board is holding a board meeting at 10 a.m. CST on Thursday, July 14, 2022. The Board's Investment Committee will gather later that afternoon.

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Longtime Pensions Advocate Robert May Dies May 24 'Peacefully Surrounded by Family'

Robert "Bob" May, a former actuary member of the Texas Association of Public Employee Retirement Systems through his more than 50-year career as a principal actuary at Rudd and Wisdom Inc., died May 24, 2022. 

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Amundi Serves as Gold Keynote Sponsor During TEXPERS' Annual Educational Forum

Amundi Asset Management is serving as a Gold Keynote Sponsor of TEXPERS' 2022 Summer Educational Forum to be held Aug. 21-23, 2022, in El Paso, Texas.

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TerraCap Management Serves as Gold Sponsors During TEXPERS' Annual Educational ForumTerraCap Management Serves as Gold Sponsors During TEXPERS' Annual Educational Forum

TerraCap Management is a Gold Keynote Sponsor of TEXPERS' 2022 Summer Educational Forum to be held Aug. 21-23, 2022, in El Paso, Texas, and is sending its founder, W. Stephen Hagenbuckle as a keynote speaker for the event’s opening session.

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Risk Tolerance and Investment Strategy for Public Pension Plans

Interest rates have been on a secular decline since the early-1980s after Paul Volcker pushed short-term rates to nearly 20% to beat back inflation.  Today, by comparison, the Fed Funds rate is targeted between 0.25% and 0.50%.  Unfortunately, as interest rates fell, pension discount rates have barely budged, leading to a widening “yield gap” between what plan fiduciaries expect to receive from the market and what the market can realistically provide.

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Russia: A Cathartic Moment for Emerging Markets?

Numerous market commentaries and opinion columns since Russia’s invasion of Ukraine have highlighted the fading investor perception of emerging-market assets. The story so far has played true to the worst emerging market stereotypes that global investors dread. A leader who started by promising stability and prosperity ends up as a thuggish strongman, callous enough to sacrifice the future of his own people in a destructive quest for glory. A country with vast resources and growth potential sliding rapidly down into economic desolation. Global investors who saw the promise and poured in billions, only to see it all evaporate in a matter of days. Political maneuvering by other countries spreads the risk perception and triggers investor panic elsewhere. We have seen parts of this storyline in the past, albeit on a smaller scale.  

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The Evolving Emerging Market Debt Opportunity

Experience in emerging markets (EM) teaches the importance of knowing when to react quickly and when to ride out the storm.

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