Illinois Bets $250M On Four Hedge Funds, Two Private Equity Funds

Feb 25 2011 | 9:08am ET

The Illinois Teachers' Retirement System has made a series of allocations to alternative investment managers.

At its board meeting Thursday, the $34.6 billion public pension voted to invest $50 million each with BlueMountain Capital Management and Claren Road Asset Management. It also moved to invest $25 million each in a pair of emerging managers: Herndon Capital Management, which won an active domestic large-cap equity mandate, and Strategic Global Advisers, which was picked to run an active international all-cap equity portfolio.

The latter two allocations were made from TRS' dedicated emerging managers program, Pensions & Investments reports.

In addition, the Illinois plan invested nearly $100 million in a pair of private equity funds. Oaktree Capital Management will receive $68 million for its European Principal Fund III, while Sofinnova Venture Partners was awarded $30 million for its Fund VIII, a biotechnology and pharmaceuticals vehicle.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Top 5 Predicted Outcomes Of CalPERS' Hedge Fund Divestment

Sep 22 2014 | 8:35am ET

CalPERS’ announcement to divest of hedge funds has created a significant buzz...

 

Videos

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.