Illinois Teachers' Retirement System, Springfield, announced that divestment of $2.4 billion of Sudan-related investments from commingled index accounts since Jan. 26 has cost the system $1.2 million. The $36.8 billion plan has another $900 million in Sudan-related investments to divest. State law requires all Illinois public funds to divest any Sudan-related holdings by July 2007.
Separately, the fund's investments returned 4.82% in the first quarter. One-, three- and five-year returns as of March 31 were 15.69%, 17.44% and 8.78%, respectively.
(updated with correction)