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Texas to peek over shoulders of public funds

JUNE 24, 2019 | by Christine Williamson | PENSIONS & INVESTMENTS

“In what may be a windfall for investment consultants, a new law requires Texas public pension funds with assets greater than $30 million to hire outside firms to evaluate the efficacy of investment activities of the fund and suggest improvements … Sources said Texas is the only state to mandate detailed reporting on the public pension fund investment aside from South Carolina, which enacted a similar law in 2017.”

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