US - The $23bn Illinois Teachers' Retirement System has removed a $844m active US large cap growth mandate from Lincoln Capital Management, and has given the money to State Street Global Advisors (SSgA).
Jon Bauman, executive director at the fund, said that the money that Lincoln Capital used to manage will be temporarily invested in a passive S&P 500 fund, run by SSgA. Although he declined to c...
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