Institutional Investors

Illinois Teachers shifts from commodities due to volatility


The $37 billion Illinois Teachers’ Retirement System has realigned its $3.5 billion real return portfolio to reflect conditions in the world economy better.

Due to volatility within commodity investments, the shift will be of $800 million to strategies that are designed to protect Illinois Teachers’ portfolio from inflation. At last month’s board meeting, some $400 million was allocated to Standard Life Investments and around $300 million was awarded to AQR Investment Management. The board removed $813.7 million in assets from Wellington Management, Schroder Investment and commodities manager Gresham Investment Management.

Trustees also approved the issuance of a formal