Periodically the Teachers' Retirement Board changes the investment managers that handle TRS investments. Beginning December 2017, the Board's investment actions are reported here after they have taken effect.
- Completed a transition within the Sustainable Equity Fund (known as the Socially Responsive Equity Fund through September 30, 2019): As of October 1, Brown Advisory was hired to manage the assets of the fund, replacing Neuberger Berman.
- Completed a transition within the international composite of the Diversified Equity Fund and the International Equity Fund: As of October 1, Brown Capital and Franklin Templeton were hired to manage a portion of the assets.
- Completed a longer-term transition within the defensive strategies composite of the Diversified Equity Fund: GMO’s allocation was reduced, and a new tactical asset allocation manager, BlackRock, was hired. In addition, Invesco replaced Zazove as a manager of convertible bonds.
- Completed a transition within the active composite of the Diversified Equity Fund: Two active managers (Jackson Square and Intech) were terminated, and funds were reallocated to the Russell 3000 Index and three existing active managers.