emii- The $34.6 billion Illinois Teachers’ Retirement System, Springfield, has set new asset allocation targets to raise its alternative investments by an aggregate five percentage points, Pensions & Investments reports. The move follows the fund’s normal five-year review of the portfolio allocations.
The target for hedge funds increased to 8% from 5% of total plan assets, private equity to 12% from 10%, fixed-income and 16% from 15%.
