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.


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

The Road To Tax Alpha

May 28 2015 | 5:36am ET

Tax-related alerts are increasingly helping investment managers harvest tax alpha...

 

Sponsored Content

Editor's Note