Texas to Replace Ousted BlackRock with Dimensional and Intech
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The Texas Permanent School Fund has selected Dimensional Fund Advisors and Intech as new money managers after announcing it would terminate BlackRock’s management of $8.5 billion in assets last month.
Dimensional Fund Advisors will manage the largest share of assets, but the fund has not yet set allocation splits, according to a spokesperson for Texas Permanent School Fund. The spokesperson said the fund is working to select additional managers.