Illinois TRS to Launch Fixed Income Investment Manager Search

February 25, 2011 (PLANSPONSOR.com) – The Illinois Teachers’ Retirement System board has decided to launch a nationwide search for a money management firm to oversee system investments in the Core Plus category of the TRS Fixed Income portfolio.

A TRS news release said a timetable for the search has yet to be determined. The TRS Fixed Income portfolio holds $5.2 billion in assets.  

The Teachers’ Retirement System of the State of Illinois provides retirement, disability and survivor benefits to teachers, administrators, and other public school personnel employed outside of Chicago. The system serves 372,000 members and had assets of $34.6 billion as of December 31, 2010.

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