Illinois state agency considers third party options
13 February 2012 Springfield
Image: Shutterstock
The Illinois Teachers' Retirement System (TRS) has announced it is seeking proposals from outside vendors in a bid to boost its securities lending returns.
After a formal review looking at third party securities lending, estimates showed that additional revenue could climb as much as 30 per cent if prudent changes are made, said TRS. Last year, its securities lending programme generated $17.7 million.
The TRS investment staff anticipates the RFP process will be concluded by August.
After a formal review looking at third party securities lending, estimates showed that additional revenue could climb as much as 30 per cent if prudent changes are made, said TRS. Last year, its securities lending programme generated $17.7 million.
The TRS investment staff anticipates the RFP process will be concluded by August.
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