Illinois TRS Ups Allocations To P.E., Absolute Return Portfolios

Apr 11 2011 | 10:09am ET

The $34.6 billion Illinois Teachers’ Retirement System Board of Trustees will shift allocations from domestic equity to its private equity and absolute return portfolios.

A new investment plan, which takes effect at the start of the TRS' fiscal year on July 1, increases the absolute return portfolio (worth $1.4 billion at the end of 2010) from 5% to 8%.

Allocations to private equity will rise from 10% of the total portfolio to 12%. As of December 2010, the TRS had $3.2 billion invested in this asset class.

Meanwhile, the TRS will reduce its investments in domestic equity (worth $9.96 billion at end-2010) from 26% of total assets to 20%.

“These asset allocation goals reflect our overall strategy of a steady, deliberate evolution of allocating TRS assets into areas that will enhance the portfolio and strengthen the future for our members,” said TRS CIO Stan Rupnik. “Our goal is to diversify the portfolio, minimize risk as much as possible and invest assets to maximize returns.”

The Teachers’ Retirement System of the State of Illinois provides retirement, disability and survivor benefits to 372,000 teachers, administrators and other public school personnel outside of Chicago.

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