US - The Chicago-based Illinois Teachers' Retirement System (TRS) has taken what it calls "significant investment actions" in a move that sees managers running US$2bn terminated, US$1.3bn reallocated, BlackRock's US$1.7bn placed on watch and a search for a passive manager.
In December the US$21bn fund: - Adopted a fixed income structure that implements earlier decisions to downsize the portfolio and make additional allocations to domestic equity, real estate and p...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date