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Texas Permanent School Fund Locks in 9.44% for FY 2012

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Based in Austin, Texas, the Texas Permanent School Fund (TPSF) generated a 9.44% return for the fiscal year ending August 31, 2012. The US$ 25.5 billion public fund distributed US$ 1.2 billion to support Texas schools for the two years ended by the latest fiscal year. TPSF outperformed its policy benchmark by 57 basis points.

“It is gratifying to see such a high return in these volatile markets,” says Barbara Cargill, chair of the Texas State Board of Education in remarks off the Texas Education Agency website. “Solid and prudent planning has enabled the State Board to make investments resulting in strong returns that beat the benchmark.”

Fiscal Year 2012 Returns

Name Performance Fiscal Year End Size in Billions USD
Texas Permanent School Fund 9.44% August 31 25.5
CalPERS 1.01% June 30 233.0
Alaska Permanent Fund 0.02% June 30 40.3
Harvard Management Company -0.05% June 30 30.7

Blackstone Defeated on Investa Office Fund Bid

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The Blackstone Group threw in the towel on a bid to take over the Investa Office Fund, a vehicle that owns prized Australian office properties. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Temasek’s Bond Expected to Lure Retail Investors

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Singapore’s Temasek Holdings, through its subsidiary Temasek Financial (IV) Private Limited, is planning a 5-year bond that aims to yield 2.7% for retail investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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QIA Becomes the Largest Shareholder in Colonial

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The Qatar Investment Authority (QIA) became the biggest shareholder of Inmobiliaria Colonial, SOCIMI, S.A. (Colonial), a Spanish listed real estate company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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