For Immediate Release
December 1, 2010
TRS Doubles Dolan McEniry Mandate
Chicago, IL - The Teachers' Retirement System of the State of Illinois, at its October board meeting, increased its fixed income target allocation "within the Active Core Plus - Credit Tilt portfolio of Dolan McEniry Capital Management of Chicago from 2.5 percent to 5.0 percent."
The latest increase brought TRS assets under management with Dolan McEniry to $268 million as of November 30, 2010. Daniel D. Dolan, Jr., Managing Member of DMC, stated, "We are extremely grateful to the Teachers' Retirement System for the confidence they have shown in our firm by doubling our allocation. It is especially meaningful to DMC that one of our most sophisticated investors has chosen to make such a decision."
DMC is a fixed income value investor with a specialty in corporate bonds. Founded in 1997 and based in Chicago, the firm provides investment management services to foundations, endowments, corporate and public pension funds, Taft-Hartley accounts, sovereign nations, and wealthy families. DMC has approximately $2.4 billion in assets under management.