US$36.5bn TRS returns 12.2%

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US - The Teachers' Retirement System of the State of Illinois (TRS) increased its assets by $2.5bn as it achieved a 12.2% return on investments during the fiscal year ended June 30, 2006.

The fund beat its benchmark of 11.3% thanks largely to impressive returns from its international equity (27.7%) and private equity (26.4%) portfolios. Real estate also proved lucrative with returns...

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