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Former TMRS chief lands at new Auto Workers’ fund
Eric Henry, the former head of the Texas Municipal Retirement System, will drive the investment team of the newly created trust for retired auto workers’ health benefits, Pensions & Investments reports.
The $37 billion trust stems from labor agreements with the Big Three auto makers struck before General Motors and Chrysler filed for bankruptcy last spring. The United Auto Workers controls the trust, which is called the UAW voluntary employee beneficiary association.
Henry will serve as the chief investment officer.
In August, Henry resigned from TMRS after a two-year stint as the executive director and chief investment officer of the fund that serves some 800 small and midsized Texas cities. Henry oversaw a significant transition from an all-bond portfolio to gradually embrace stocks.
The search for Henry’s replacement — or replacements, given his two titles — is underway with a decision expected perhaps early next year.
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