Teachers' Retirement System of the City of New York

Overview

Established in 1917, the Teachers' Retirement System of the City of New York (TRS) is a public pension fund that offers retirement benefits to New York City public school teachers. As one of the largest public pension systems in the United States, TRS serves over 200,000 active members, retirees, and beneficiaries. The fund's mission is to provide its members with a secure pension, and it is committed to being a model for pension fund excellence and exceptional customer service. TRS manages a diversified investment portfolio to ensure the financial security of its members. The fund's investment strategy includes allocations to real estate, fixed income, private equity, infrastructure, hedge funds, venture capital, commodities, distressed and special situations, ESG and impact investing, and crypto assets. Geographically, TRS invests in a wide range of countries, including the United States, Canada, the United Kingdom, Germany, France, Japan, Australia, China, India, Brazil, South Korea, Mexico, Italy, Spain, the Netherlands, Sweden, Switzerland, Belgium, Norway, and Denmark. The fund's investments span various industries, such as technology, healthcare, real estate, financial services, consumer goods, energy, utilities, telecommunications, materials, industrials, consumer services, basic materials, consumer non-durables, transportation, media, retail, pharmaceuticals, biotechnology, insurance, and banking. TRS's investment approach focuses on achieving sustainable, long-term returns to meet its pension obligations. The fund's diversified portfolio is designed to balance risk and return, ensuring the financial health of the system and the security of its members' benefits. By strategically allocating assets across multiple classes and geographies, TRS aims to provide a stable and reliable source of retirement income for New York City public school teachers.