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Illinois Teachers adds executive director role to CIO pionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pionline.com Daily Mail and Mail on Sunday newspapers.
Illinois Teachers chalks up $1.3 billion in investments, commitments Print Illinois Teachers Retirement System, Springfield, invested or committed a total of $1.3 billion to nine investment strategies and terminated four traditional investment firms managing $1.1 billion, news from virtual investment committee and full board meetings Thursday and Friday showed. The largest commitment from the $57.6 billion pension fund was $400 million to private equity specialist Adams Street Partners, a new manager for TRS. The firm will evenly split the allocation between separately managed accounts that will invest in strategies managed by other private equity managers based in Europe and the Asia-Pacific region. TRS retains approval of Adams Street s recommended investments. ....
Illinois Teachers chalks up $1.3 billion in investments, commitments pionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pionline.com Daily Mail and Mail on Sunday newspapers.
Illinois Teachers moves $535 million to alternatives Print Illinois Teachers Retirement System, Springfield, committed a total of $535 million to four alternative managers since the end of October, said R. Stanley Rupnik, interim executive director and CIO, during an investment committee meeting held remotely Wednesday. Investment staff of the $53.5 billion system have discretion to make manager changes without board approval. The largest commitment, up to $300 million, from the $8.2 billion real assets portfolio went to existing manager Starwood Capital Group for investment in Starwood Distressed Opportunity Fund XII, a real estate fund. Starwood currently manages $650 million for the teachers fund. Existing manager Aspect Capital received an additional investment of $100 million for Aspect Systematic Global Macro U.S. Fund. Aspect currently manages $253 million within the system s $5.5 billion diversifying strategies portfolio. ....