Saturday, 27 December 2014
Last updated 2 days ago
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.