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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials

Illinois looks to sovereign wealth funds to help pay off pension debt

Posted on 14 February 2011

From Businessinsider.com: Illinois is trying to get sovereign wealth funds to buy nearly $4 billion of bonds so the state can pay its annual pension obligations. John Sinsheimer, the state’s director of capital markets, has been wooing investors investors in Europe and Asia, according to the FT.
He said the state is also trying to raise money from big banks and insurance companies in the U.S. before the sale, tentatively scheduled for Feb. 17……………………………………….Full Article: Source

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