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Illinois TRS Awards $100M to PIMCO


By Marc Sorondo

June 19, 2009

The Teachers' Retirement System of Illinois (TRS) has made a $100 million investment in a term asset-backed loan facility (TALF) through PIMCO. The firm also manages a fixed-income mandate for the plan. 'PIMCO was selected because the firm has a long and respected history at TRS and this TALF commitment represents an attractive opportunity for TRS,' said Eva Goltermann, spokeswoman for the $27.2 billion plan. Goltermann noted that the board would review other TALF funds as…

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