Subject: Re: Grovenor
From: "Eric Schwerin" <[email-masked]>
To: "Arlene Busch" <[email-masked]>
Cc: "Biden Hunter" <[email-masked]>
Date: Fri, 16 Nov 2012 16:57:53 -0500

Nice for Michael!

Eric D. Schwerin
Rosemont Seneca Partners, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) 333-1880
[email-masked]
P Consider the environment before printing this email.

On Nov 16, 2012, at 4:50 PM, Arlene Busch <[email-masked]> wrote:

Texas School Fund Consolidates HF Portfolio
The Texas Permanent School Fund is planning to limit its current $2.5 billion allocation in hedge fund strategies to two firms. 

Pensions & Investments reported that the $25.9 billion fund is slated to invest in New York-based Blackstone Alternative Asset Management and Chicago-based Grosvenor Capital Management, pending approval by the Texas State Board of Education. The fund is also terminating investments in Mesirow Advanced Strategies and GAM USA. 

The article also said if the plan is approved, BAAM and Grosvenor will split the $2.5 billion portfolio evenly. 

The Texas Permanent School Fund provides money for Texas public education from sources besides tax revenue. 

Arlene Busch
312-498-9595 (m)
202-333-1880 (w)