The Teacher Retirement System of Texas (TRS) has announced that CIO Jase Auby will retire effective Jan. 31, 2027, concluding more than 17 years of service to TRS and its members, including seven years as CIO of the nation’s sixth-largest public pension investment fund.
Auby joined TRS in 2009 and was appointed CIO in December 2019 after previously serving as deputy CIO, chief risk officer and head of the Investment Management Division’s Risk Group.
During his tenure as CIO, TRS achieved the strongest relative investment performance in its history. The investment team generated a 9.1 percent annualized return from Dec. 31, 2019 through June 30, 2026, which was 1.3 percent annualized over the trust’s market benchmark. At the September 2026 TRS Board of Trustees meeting, Auby reported that the trust ended second quarter 2026 with a one-year return of 16.5 percent.
Auby will continue serving as CIO through Jan. 31, 2027, to support a seamless leadership trans
