Monday, 1 September 2014
Last updated 3 days ago
Dec 13 2006 | 11:49am ET
The $39 billion Teachers' Retirement System of the State of Illinois has established initial allocations for absolute return and real return strategies as part of a new asset allocation plan approved by the TRS board of trustees this month.
The target allocation for absolute return investments is 2.5% of TRS’s total portfolio and 10% of its total fund for real return investments. The board also authorized a search for absolute return adviser/manager.
Under the new plan, target allocations for domestic equities and fixed-income fell from 41% to 30.5% and 23.0% to 15%, respectively. International equities and private equity, on the other hand, got boosts from 15% to 20% and 6% to 8%, respectively. The 14% target allocation for real estate investments will remain unchanged.
The board also made a $50 million to J.C. Flowers II, a buyout fund focused on the financial services sector and $100 million to Providence Equity Partners VI, a buyout fund focused on the media and telecommunications sectors.
In addition, the board also hired Copper Rock Capital Partners to manage $50 million in small- and mid-cap growth domestic equities as part of TRS’s $500 million emerging managers program. To date, TRS has committed $125 million to the program.
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…
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 ...