Illinois state agency considers third party options
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Illinois state agency considers third party options 13 February 2012Springfield Reporter: Anna Reitman
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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.
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