NEWS

Illinois Police has a new deputy CIO

By Muskan Arora


Greg Turk has been appointed as the deputy CIO at $10.4bn Illinois Police Officers’ Pension Investment Fund, as per a news release on July 1.  

Turk will report to CIO Kent Custer.  

In this role, Turk is to oversee “the planning and implementation of private market investments,” stated the news release.  

Prior to joining the system, Turk served as CIO at NG4 Capital, a family office where he was responsible for providing structure and investment guidance for the firm’s private capital investments.  

Before NG4, Turk was the director of investments for the $71bn Illinois Teachers’ Retirement System where he managed investments in both public and private markets.  

IPOPIF Portfolio Breakdown 

The system allocates 23.2% or $2bn to its large cap domestic equity sleeve against a target of 23%, whereas it allocates 5.2% or $540m to its small cap domestic equity sleeve, as of March 31.  

Within its fixed income sleeve, the system allocates 33.2% or $3.4bn which includes core, bank loans, high yield, short term, real return and emerging market strategies. 

For its international large cap equity sleeve, the system allocates 18.9% or $1.9bn against a target of 19%, whereas the small cap international equity bucket is at 5% or $534m against a target of 5%, as of March 31.  

The system allocates 5.6% or $585m to its real estate sleeve against a target of 6%, as of March 31.  

The IPOPIF returned 4.1% for the first quarter against a policy benchmark of 4.2%.