US - The Teachers' Retirement System of the State of Illinois (TRS) Board of Trustees has appointed $250m to private equity investments.
In other business, the TRS Board of Trustees approved an additional $50m mandate to KBS Realty Advisors, a separate account adviser focused on the acquisition of office space. TRS investment returns during the first quarter of fiscal year 2008 remained positive, earning 2.31% before fees for the period ending 30 September 2007.
TRS earned annualised returns of 17.94% for the one-year time period, 15.01% for the three-year period, 15.20% for the five-year period and 9.14% over ten years.
The market value of TRS's assets rose to $42.3bn. TRS staff have also reported on the successful funding of the System's initial allocation to separate 130/30 mandates.
In October, the Board hired Analytic Investors and JPMorgan to each manage $500m. The strategy was designed to further diversify the domestic equity asset class.
Businesses are experiencing auto-enrolment data error rates of up to 50%, posing questions over the reliability of pension records, Pensionsync says.
A nationwide survey of committee and local pension board members of the Local Government Pension Scheme has revealed high levels of confidence in all areas of their responsibility.
UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.