Program Summary
TMRS’ hedge fund portfolio seeks returns that are accretive to the overall trust while protecting capital in periods of market volatility. Staff focuses on managers with strong risk management to compound returns over the long term. Managers should have an established track record through different market environments. We look for investment partners who are aligned with TMRS in terms of GP participation. Portfolio risk controls and a defined investment structure are important. Strategies should be liquid and flexible across equity, fixed income, and foreign exchange markets.
Assets Under Management
Target Allocation
Primary Strategies
TMRS Approach
Proven, Tested Partner: TMRS partners with institutional managers with a proven track record of consistent risk-adjusted returns.
Aligned Capital: TMRS participates alongside GPs whose interests are appropriately aligned with TMRS’.
Long-Term, Stable Outlook: TMRS evaluates returns across a full market cycle or five years. Managers with successful results will have the ability to compound capital at scale.
Global Diversification: TMRS hedge fund strategies span across multiple geographies.
Investment Criteria
Thematic Priorities
Liquidity Dislocations
Artificial Intelligence
Cybersecurity
