The State Universities Retirement System will receive approximately $3,124,000 from the Citigroup misconduct settlement.
The State Universities Retirement System (“SURS” or the “System”) is requesting proposals from qualified firms to provide active, long-only, liquid, emerging markets debt investment management services which, after fees, exceeds the return of the agreed upon benchmark.
The State Universities Retirement System (SURS) Board of Trustees on March 13, 2013, voted to approve recommendations from the recently completed Fixed Income Asset Structure Analysis. The modifications approved are designed to create a tiered, equal-weight strategy of investment manager allocations, and increase utilization of Minority-, Female-, and Persons with a Disability-Owned (MFDB) investment firms.
The State Universities Retirement System (SURS) Board of Trustees approved the selection of core real estate managers J.P. Morgan and Heitman at their February 14, 2013, meeting in Chicago.
The System awarded $150 million each to J.P. Morgan’s JPMCB Strategic Property Fund and the Heitman America Real Estate Trust (HART). The search process began in September 2012.
The Investment Plan reviews the results of each fiscal year and defines the strategy for the new fiscal year in accordance with the Board-approved asset/liability study and Investment Policy.