TEA News Releases Online
Nov. 20, 2009
Goldman Sachs placed on watch list
AUSTIN - The State Board of Education, at the recommendation of consultant NEPC and the Permanent School Fund (PSF) staff, today placed Goldman Sachs on a manager watch list related to the absolute return portfolio managed for the PSF. The board took this action because of organizational concerns. The firm’s status will be reviewed when the board meetings in March 2010.
The Permanent School Fund is a $22 billion endowment that helps to fund the Texas public schools.