Teachers Fund Rebounds

Officials of the Teacher Retirement System of Texas said last week that the fund has recouped much of the loss it suffered in last year’s stock market slide. The system provides retirement benefits for some 1.3 million people.

Chief investment officer Britt Harris said total value of investments in the fund totaled $91.4 billion at the end of the third quarter of 2009.

The value of the fund is still down from the $104.9 billion it held on Aug. 31, 2008, but is much improved from its low point of $67 billion at the end of March 2009.

“Our strong recovery underscores the importance of remaining calm in the midst of financial storms,” Harris said. “As a result, our fund remains liquid, not leveraged, and with a time horizon that extends over decades.”

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