MFA Blog

Illinois Teachers Pension Increases Allocation to Hedge Fund

Posted on February 26, 2014

As part of its regularly scheduled February meeting recently, the Illinois Teachers Retirement System increased its allocation to a long/short equity hedge fund.  The move included a $100 million allocation to the fund, as well as other commitments to managers in a number of asset classes.

According to a report from Infovest21, the pension fund is currently invested in two separate funds with the same manager that received the increased commitment.  Those two investments total nearly $200 million.

Absolute return represents 5.3%, or $2.26 billion, of the Illinois Teachers $42.8 billion portfolio.  The largest category in the portfolio is U.S. equities at 22.3% of assets, or $9.1 million.

Learn more about Illinois Teachers Retirement System’s increased allocation online from Infovest21.