•May 3, 2017•

A shift in investment strategy that embraced longer-term investments and higher yields allowed the state to more than double its investment income to $26 million in the first quarter of this year, Illinois State Treasurer Michael Frerichs said today.

The shift is possible after an analysis showed that core investment strategies could be more aggressive and still follow the office’s primary objective to ensure the safety of principal.

“We had too many overnight investments that precluded us from earning higher rates,” Frerichs said.     Login or Subscribe to read the rest of this story.