Monday, 28 July 2014
Last updated 10 hours ago
Aug 8 2011 | 11:24am ET
The Illinois Teachers' Retirement System made commitments of up to $210 million to four alternative investment firms at its board of trustees meeting last week.
The $37.1 billion public pension fund committed $100 million to private equity firm Vista Equity Partners. Vista invests in technology and software companies.
TRS also committed $45 million to New York-based Siris Capital Group for investments in mid-sized North American companies, and up to $25 million to LiveOak Management Services. Austin, Texas-based LiveOak will receive an initial allocation of $10 million as part of Illinois' emerging managers program.
In addition, the pension's board approved a $50 million investment in hedge fund Carlson Capital.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…