Champaign, IL – The State Universities Retirement System Board of Trustees on June 3 added to the System’s real assets investments by committing $225 million to Clarion Lion Properties Fund, subject to successful contract negotiations. This is a new fund commitment for SURS.
The board approved retaining Capstone Investment Advisors, a new relationship for SURS, to serve as back-up manager for the Long-Volatility/Tail Risk mandates, subject to successful contract negotiations. The strategies fall within SURS Crisis Risk Offset (CRO) asset class. Currently, CRO is comprised of Long Duration, Systematic Trend Following and Alternative Risk Premia strategies.
In Other Business:
- SURS trustees reelected board officers for FY 2023. Collin Van Meter and John Lyons were both elected to serve second terms as vice-chairperson and treasurer, respectively. John Atkinson serves as chairperson. The chair is selected by the governor from SURS eleven trustees. Atkinson and Lyons are appointed trustees. Van Meter is an elected active-member trustee.
- Trustees voted to make a change to the SURS Defined Contribution Investment Options. The Janus Henderson Small-Mid Cap Value N will be replaced with the EARNEST Partners SMID Cap Value, as soon as administratively possible with the replacement to include the mapping of the plans’ current assets and future contributions for both the SURS Retirement Savings Plan and Deferred Compensation Plan. Members will be notified of the change.