Gift Ban Notice: All prospective and current vendors of the System are prohibited by State of Illinois gift ban law and TRS ethics policies from offering or making a gift to TRS employees or trustees. Please refrain from offering or sending any gifts, even of nominal value, to the System or any of its employees or trustees. We appreciate your strict cooperation with the gift ban.

Enhanced Cash Manager Search

Posted: Nov. 2, 2026

Deadline: Dec. 2, 2026

The Teachers’ Retirement System of the State of Illinois (TRS) is seeking investment manager(s) with an enhanced cash management approach to manage a portion of the System’s Cash portfolio, which has a strategic asset allocation of 1.0% with a target range of 1.0% to 4.0% of the of total plan assets and housed within the $20+ billion Global Income allocation.

RVK, TRS’s investment consultant, will identify appropriate candidates based on product information submitted. Contact RVK with questions about the search process, TRSI.Cash.2026@rvkinc.com.  

The Enhanced Cash Search Manager document is available below.