Newsmakers
Illinois Police Pension Appoints Greg Turk as Deputy CIO Amidst Private Markets Push
Turk will oversee the planning and implementation of the fund's private markets investments.
Tag: Illinois
Manager Selection
Illinois Teachers’ Pension to Prioritize Liquidity, Volatility Protection in New Asset Allocation Plan
The fund also made up to $570 million in commitments to new and existing managers.
Alternatives
Illinois Municipal Retirement Fund Approves $282.5 Million in Commitments to Four Alternatives Managers
Five commitments in total were approved to AUA Private Equity Partners, Inflexion, Sterling Group and H.I.G Capital Partners.
Newsmakers
Illinois SURS Hires Michael Schlachter as New CIO
Schlachter will replace Doug Wesley, whose retirement was announced recently.
Newsmakers
Illinois SURS CIO Doug Wesley to Retire
A replacement is expected to be named in November to allow for a transition period before Wesley’s departure in March 2024.
Asset Allocation
At Least 8 States Buy Israeli Bonds Totaling More Than $100M to Support War Against Hamas
Moody’s warns that a prolonged conflict could hurt the country’s credit rating.
Pensions
Illinois Police Fund Announces Search for Active Bank Loan Strategy Managers
The IPOPIF wants to add exposure to the bank loan strategy asset class.
Illinois Launches New Type of Infrastructure, Real Estate Fund
The $1.5 billion First Fund will focus on impact investing in funds that officials hope will ultimately benefit the state’s infrastructure and economy.
Pensions
Teacher Pension Costs Triple Since 2001, Report Says
Research finds education retirement costs are significantly outpacing education spending.
Will US Public Pension Plans Ever Get Back to Full Funding?
This century has been unkind, but maybe some can squeak by with only modest improvements.
Newsmakers
State & Municipal Treasurers Publish Letter Encouraging McCarthy to Make Deal on Federal Debt Ceiling
They say a default would be ‘catastrophic’ and devalue portfolios, damaging pension funds and 401(k) plans.
Asset Allocation
Illinois TRS Commits Nearly $6 Billion
Fund reported 26 commitments and two terminations between February and May.
Risk
Governance Issues Loom Over US Pension Funds
U.S. public pensions entered 2022 well-funded, but they could falter without significant governance reforms.
Regulation
Court Rejects Legal Challenge to Illinois Pension Consolidation
Judge rules that voting for pension board members is not considered a 'benefit' under the state’s constitution.
Newsmakers
New Illinois Law Authorizes $1 Billion in Pension Obligation Bonds and Extends Buyout Option
The law is the latest in a series of legislative moves to improve struggling Illinois pensions.