Tuesday, 29 July 2014
Last updated 18 hours ago
May 26 2008 | 11:04am ET
The $38.7 billion Teachers’ Retirement System is expanding its emerging managers program beyond the public market asset classes. Under changes adopted by the plan’s board last week, the $500 million program will now formally include private equity, real estate and absolute return firms.
“There are a number of promising firms to which TRS has had difficulty making commitments because the program was focused on public market investments,” said Stan Rupnik, chief investment officer. “Expanding the program will help TRS better utilize young firms, including minority-and-female-owned investment managers, who can ultimately grow into increased mandates within the TRS portfolio.”
The plan’s emerging managers program targets growing investment firms that have smaller asset bases and developing track records.
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…