All investment decisions, including selection of investment service providers, are made by the TRS Board of Trustees during its business meetings, which are open to the public and conducted in accordance with the Illinois Open Meetings Act, 5 ILCS 120. Fees are a fundamental consideration for all selections. Specific factors critical to the selection decision are identified for investment advisers and consultants hired after P.A. 96-0006.
To ensure transparency, the tables below identify selection factors for all hired investment advisers and consultants.
For more information about TRS board deliberations in selecting investment service providers, you may also review the online investment committee and board meeting minutes under the Board of Trustees section of the site.