Illinois Ramps Up 130/30 Portfolio

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.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

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

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

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.