According to a press release from the Teachers’ Retirement System of the State of Illinois (TRS), Lopez previously held investment positions at Merrill Lynch & Company, Edward Jones Investments, and Jupiter Realty Corporation.
The program tries to better utilize minority-and female-owned investment managers, as well as Illinois-based investment firms, which can ultimately graduate out of the program and manage mandates from TRS’s main trust fund, according to the news release.
“TRS believes Mr. Lopez will enhance the level of research, oversight, and due diligence necessary to establish productive long-term relationships with growing investment firms and to provide the support needed to reach their full potential,” said TRS Chief Investment Officer Stan Rupnik, in the press release.
TRS maintains a national database of all identified emerging managers, including minority and female-owned firms.
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