Teacher Retirement System of Texas reveals details about Singapore office opening

The $153 billion Teacher Retirement System of Texas (TRS) has released details about its plan to launch a new office in Singapore, according to several media sources.

The new branch has reportedly been named the Teacher Retirement Investment Company of Texas–Asia (TRICOTA), an offshoot of TRS’s London office (TRICOT), which the new branch is looking to replicate in the Asia-Pacific region.

Four unnamed people will reportedly head the Singapore team initially, which will eventually be expanded.

According to Chief Investment Officer, TRS has $22.2 billion invested in Asia-Pacific assets.