Hedge Funds Institutional Investors

Illinois Teachers plans direct hedge fund assignments


The Teachers' Retirement System of Illinois has approved a new strategic plan for its $1.2 billion absolute return port­folio, which is slated to continue to grow to a long-term target of nearly $2 billion.

The updated plan at the $32 billion retirement system calls for building on the current foundation of funds of funds with small and diversified direct investments as the portfolio grows from its current 3.75% allocation to the long-term target of 5%. Absolute return investments are expected to provide market diversification and "equity-like" returns with lower risk,