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Illinois Teachers OKs New Allocations

The $34.6 billion Illinois Teachers’ Retirement System, Springfield, has set new asset allocation targets to raise its alternative investments by an aggregate five percentage points.

The $34.6 billion Illinois Teachers’ Retirement System, Springfield, has set new asset allocation targets to raise its alternative investments by an aggregate five percentage points, Pensions & Investments reports. The move follows the fund’s normal five-year review of the portfolio allocations.

The target for hedge funds increased to 8% from 5% of total plan assets, private equity to 12% from 10%, fixed-income and 16% from 15%. The fund has cut the domestic equity target from 26% to 20% of total plan assets, while international equity, real return asset and real estate allocations will remain the same at 20%, 10% and 14%, respectively.

Click here for the story from Pensions & Investments.

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