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University of Illinois Urbana-Champaign is set to lead a multimillion-dollar research center devoted to the future of biofuels – Chicago Inno
The Illinois State Board of Investment, one of the state's biggest pension funds, soon will have jettisoned all but its best performing hedge funds because of low returns and high fees.
Over the past 18 months the pension fund has fired 65 hedge fund managers, and it will cut some of the remaining 17 as well, leaving it with just the best-performing funds that are reclassified by their strategies, such as stock investing."Hedge funds have not generated returns justifying the fees," said ISBI Board Chairman Marc Levine, who has overseen the near elimination of $1 billion invested by ISBI in hedge funds. Comment: Well, well, well. It looks like those evil vulture capitalists and bankers in the Rauner Administration are the ones draining the swamp to help pensioners at the expense of hedge funds. The thanks from pensioners and unions are deafening, eh?
Quigley Offers Amendment to Redirect Border Wall Funds to Essential Homeland Security Grants – Congressman Mike Quigley
Top Chicago Stories
Suburban property taxpayers would be on hook for CPS’ $17B in debt if schools bill becomes state law – Chicago City Wire
Other Highlighted Chicago Stories
Judge: South suburban Harvey illegally diverted water cash owed to Chicago, millions missing – Chicago Tribune
Riverside Investment plans a campus containing 1.5 million square feet of residential and office space.