Wednesday, 23 July 2014
Last updated 1 hour ago
Aug 8 2008 | 9:49am ET
The $38.4 billion Teachers’ Retirement System of the State of Illinois is boosting its 130/30 portfolio by increasing its commitments to a pair of existing managers.
TRS is increasing funding in its large cap core 130/30 managers to reach the target allocation of 10% of the domestic equity portfolio.
In October 2007, Analytic Investors and JP Morgan were hired to each manage 3.5% mandates, or $500 million. Yesterday, the plans Board of Trustees authorized an increase in the mandates to 5% each in an effort to reach the target allocation. Total funding of approximately $200 million will come from rebalancing the domestic equity asset class.
The plan’s Board of Trustees has also awarded €50 million (approximately $77.4 million) to Oaktree Capital Management European Principal Opportunities Fund II, a distressed debt fund. The source of the funds is cash and passive/enhanced index accounts.
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…