Tuesday, 21 October 2014
Last updated 2 hours ago
Dec 10 2007 | 11:53am ET
The $42.3 billion Illinois Teachers’ Retirement System has ramped up its private equity and 130/30 portfolios with new mandates.
Last week, the system’s board of trustees approved a $100 million commitment to Oak Tree Capital Management Fund VII b, a distressed debt fund, $100 million to Riverstone Global Energy and Power Fund IV, a buyout fund, and $50 million to Pine Brook Capital Partners, a p.e. fund focused on the energy and financial services sectors
In October, the system’s board hired Analytic Investors and J P Morgan to each manage $500 million in 130/30 mandates. The strategy is designed to further diversify TRS’ domestic equity asset class.
TRS provides retirement, disability, and death benefits to teachers and administrators at Illinois public elementary and secondary schools outside of Chicago.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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