The $28 billion State Universities Retirement System of Illinois (SURS) in Champaign added to its real assets investment portfolio and retained a long-volatility/tail risk manager at its June 3 board meeting.
Officials approved a $225 million allocation to Clarion Lion Properties Fund, which is a new fund commitment for the real assets portfolio.
The board also tapped Capstone Investment Advisors to serve as a back-up manager for the Long-volatility/tail risk mandates. Subject to successful contract negotiations, the manager relationship is a new one for the system. Both investment strategies reside . . .
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