By Greg Hinz, includes “… In a preface to the report, Ingram openly discussed the possibility that TRS could go ‘insolvent,’ a development he blamed on consistent underfunding by state government. The same report, however, disclosed TRS’ return on assets in fiscal 2019 plummeted from $4 billion to $2.6 billion.” (Note: Fiscal 2019 was pre-COVID. See Illinois TRS annual report, and pages 84-87 listing more than 250 investment managers earning more than $300 million in fees.)
Read the full article on: Crain’s Chicago Business