The Teachers’ Retirement System of Illinois in Springfield (TRS) moved forward with three key alternative investments, with most of the new capital allocations -- $450 million -- going to the $8.1 billion real asset portfolio.
Trustees of the $52 billion pension system also terminated AQR Capital Management from both the public equity portfolio and diversifying strategies portfolio. While the firm continues to administer $1.4 billion in Illinois Teachers’ assets, officials terminated the firm’s U.S. large-cap strategy ($481 million) in the public equity program and a full redemptions of $58 million was logged for the . . .
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