Chicago Teachers’ Pension Fund wants to enter market for private debt – Bloomberg

The fund and its trustees decided to invest in private credit following results of a study spurred by changing expectations for returns from higher interest rates and inflation, Fernando Vinzons, chief investment officer for the Chicago Teachers’ Pension Fund, said in an emailed statement Monday. The future allocation, with no exact deadline, of $300 million to $350 million will represent about 3% of the fund’s assets.

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Gov. Pritzker is using the threat of budget cuts to get more tax hikes passed – Wirepoints joins Tom Miller of WJPF Carbondale

Ted joined Tom Miller of WJPF to talk about the details of Gov. Pritzker’s proposed $52 billion budget, why the state is struggling now that federal covid dollars have run out, the controversy surrounding Tier 2 government pensions, why Illinois’ expensive education system fails to teach children to read, the outrageous demands of the Chicago Teachers Union, and more.

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