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Deals and People June 27, 2002
Retirement System CIO Returns to Private Sector
June 27, 2002 (PLANSPONSOR.com) - The Teacher
Retirement System of Texas (TRS), the seventh-largest pension
fund in the nation, has lost its chief investment
officer.
Reported by Nevin E. Adams
According to Bloomberg, chief investment officer John Peavy has resigned after a decade-long association with the $80 billion fund, seven years as a consultant for the Teacher Retirement System, and three as a TRS employee. Peavy said he planned to move to Dallas and return to investment consulting for institutions.
Jim Hille, who oversees the system’s international stock investments, was appointed interim chief investment officer, according to the report.
TRS is the state’s largest public retirement system in both membership and assets, with approximately 1,000,000 members – 817,000 are public education employees and 189,000 are annuitants – according to the TRS Web site.