TRS commits over $1bn to new managers, searches for risk management system

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US - The Illinois Teachers' Retirement System (TRS) doled out over $1bn in assets to new domestic equity, private equity and fixed income managers, and hired three new consultants.

The board also plans to issue a request for proposals for a risk management system. The $31.3bn pension fund said yesterday it would invest $250m each in domestic equity large cap core mandates ...

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