News Briefs: Illinois Teachers adjusts domestic equities, drops 2.(Briefs)

Pensions & Investments, December, 2005

SPRINGFIELD, Ill. - The $34.9 billion Teachers' Retirement System of the State of Illinois approved a new domestic equity structure. Active domestic equity managers J&W Seligman, which handled $286 million in small-cap to midcap growth, and Advisory Research, which ran $88 million in large-cap value, were terminated for performance.

Neither Rebecca Shroyer, a J.&W. Seligman spokeswoman, nor Brien O'Brien, chief investment officer of Advisory Research, returned calls by press time seeking comment. Also, the following target allocations for active domestic equity managers were increased at the system's Dec. 8 meeting, said Jon Bauman, executive director: Turner Investment Partners and Voyageur Asset Management each will manage $775 million in large-cap growth,...

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works. HighBeam Research
 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement
Click Here