Teachers Retirement System of the State of Illinois
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States wrestle with pension issues as new fiscal year starts
trueWednesday marks the first day of the new fiscal year for most states, including Illinois and Pennsylvania, where in spite of the date, 2016 fiscal year budgets have yet to be passed.
Illinois Teachers to launch private equity co-investment consultant search, allocates $590 million
trueIllinois Teachers’ Retirement System will initiate a search for three private equity co-investment consultants in early July.
Illinois Teachers invests in 2 managed futures strategies, earmarks $1.1 billion total
trueIllinois Teachers' Retirement System approved investments or commitments totaling up to $1.1 billion at a board of trustees meeting Friday.
Illinois, Chicago run out of options
trueIllinois and Chicago lawmakers have little choice but to start paying off the substantial unfunded liabilities of their public employee pension plans now that the Illinois Supreme Court unanimously ruled that state pension reform passed in 2013 is unconstitutional.
Illinois' pension funds by the numbers
trueIn the past 10 years, Illinois' accrued unfunded liabilities have grown to more than $111 billion in 2014 from $38 billion.
Illinois Teachers chalks up $600 million in commitments to 4 managers
trueIllinois Teachers’ Retirement System, Springfield, made five new commitments totaling up to $600 million.
Illinois Senate to vote on bill to require divestment from companies that boycott Israel
trueThe Illinois Senate is scheduled to vote on a bill March 24 that would require the five state-funded retirement systems to divest investment holdings in companies that boycott Israel.
Baring Private Equity Asia closes sixth fund at $4 billion, 60% higher than Fund V
trueBaring Private Equity Asia closed its Baring Asia Private Equity Fund VI at about $4 billion, a record amount for the Hong Kong-based firm and up 60% from the prior fund it closed in 2011.
Illinois Teachers returns 7.1% for 2014
trueIllinois Teachers’ Retirement System, Springfield, returned a net 7.1% for the year ended Dec. 31, matching the return of its benchmark.
Illinois Teachers commits or invests $900 million
trueIllinois Teachers’ Retirement System, Springfield, invested or committed just over $900 million to nine alternative investment funds and strategies.
Illinois governor proposes moving some employees to different pension plan tier
trueIllinois Gov. Bruce Rauner proposed a new “tier two” pension plan for current state employees in his budget address Wednesday.
Illinois Teachers launches large-cap core, private equity consultant searches
trueIllinois Teachers’ Retirement System is searching for a large-cap core equity manager to run between $270 million and $540 million of the pension fund’s $9 billion U.S. equity portfolio.
Illinois Teachers launches emerging markets equity search
trueIllinois Teachers’ Retirement System started its search for an emerging markets equity manager to run 3%, or about $265 million in current dollars, of the pension fund’s $8.8 billion international equity portfolio.
Illinois Teachers taps new real estate consultant, makes several new hires, commitments
trueIllinois Teachers' Retirement System hired Courtland Partners as consultant for its $5.7 billion real estate portfolio at a board meeting Thursday.
Illinois Teachers preps private equity consultant, emerging markets manager searches
trueIllinois Teachers' Retirement System will search for a private equity consultant and an additional active emerging markets equity manager in 2015.