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PrintTEACHER RETIREMENT SYSTEM OF TEXAS SELECTS JPMORGAN ASSET MANAGEMENT AS A STRATEGIC PARTNER
Apr 14, 2008
- JPMorgan Asset Management announced today that it has been selected by the Teacher Retirement System of Texas as strategic partner with a mandate to manage $1 billion of assets.
New York, April 14, 2008 - JPMorgan Asset Management announced today that it has been selected by the Teacher Retirement System of Texas ("TRS") as strategic partner with a mandate to manage $1 billion of assets.
"We are delighted that the Teacher Retirement System of Texas has chosen JPMorgan as a strategic partner and we look forward to providing our best-in-class global investment management solutions in helping TRS achieve its investment objectives," said Jes Staley, Chief Executive Officer, JPMorgan Asset Management.
"We are excited about the opportunity to build a very strong partnership for many years to come that will serve over one million Texas teachers and retirees," he added.
About JPMorgan Asset Management:
With $1.19 trillion as of December 31, 2007*, in global discretionary assets under management, JPMorgan Asset Management is one of the largest active asset managers in the world and one of the largest mutual fund companies in the United States, providing institutional, ultra high net worth and retail clients with outstanding investment products across all asset classes globally, including fixed income, equity, liquidity, real estate, private equity and hedge funds.
*Based on AUM for the Asset Management (JPMAM, PB, PCS) division of JPMorgan Chase & Co. as of December 31, 2007.
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