Ill. Teachers Pour $725M Into Alternative Investments

Nov 1 2011 | 9:09am ET

Illinois' teachers are boosting their hedge fund investments, both now and for the future.

The $37.5 billion Illinois Teachers' Retirement System approved follow-on allocations totaling $450 million to three existing hedge fund managers and a $15 million investment in a commodity hedge fund launched by a Tudor Investment Corp. veteran. The pension's board also approved searches for as many as six more hedge funds and transition managers, with two to three new hires expected in each of the next two years.

The biggest beneficiaries of TRS' largesse are BlueMountain Capital Management, Claren Road Asset Management and Carlson Capital, each of which received an extra $150 million from the public pension. In addition, as part of its emerging managers program, TRS invested $15 million with Flintlock Commodity Opportunity Partners, founded two years ago by former Tudor commodities research chief Steve Matthews.

TRS also poured $260 million into its private equity portfolio, handing a $200 million mandate to Leonard Green & Partners and $30 million each to Longitude Capital Management and TrustBridge Partners.


In Depth

Will Liquid Alts’ Performance Sustain Future Asset Flows?

Aug 25 2014 | 10:34am ET

Liquid alternative investment funds saw the highest percentage of capital inflows...

Lifestyle

Hedgies, Economists and Musicians Mingle At Milkin Mixers In Hamptons

Aug 25 2014 | 6:00am ET

Leave it to Michael Milken to bring some gravitas and sweat to the Hamptons -- along...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

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

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

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.