US - The Teacher Retirement System of the State of Illinois (TRS) has appointed two new senior investment officers.
Lamar Villere has left the position of domestic equities officer he has held at TRS since 2005 to become senior alternative investments officer.
Meanwhile, Scottie Bevill, who has served in various capacities during his 15 year tenure at TRS, has taken the role of senior investment officer for global bonds and real return.
TRS CIO, Stan Rupnik, said: “TRS is pleased to redeploy Lamar and Scottie’s high-calibre skill sets in the alternative investment arena. Our members will be well served by their investment expertise and strong work ethic.”
Bevill is expected to continue to oversee aspects of the emerging manager program and minority owned investment manager and broker programs.
TRS voted in December 2006 to add a 2.5 % allocation to absolute return strategies and a 10% allocation to real return.
The fund has also carried out a major shake up of asset allocations.
As an example, Invesco and Pyramis Global Advisors recently both lost $1.2bn each, in international equity mandates in a cull of six managers.
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.