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San Diego's LM Capital Group Receives $180 Million Allocation from Teachers' Retirement System of the State of Illinois.

Business Editors

SAN DIEGO--(BUSINESS WIRE)--April 7, 2004

LM Capital Group LLC, a leading San Diego-based fixed income investment manager for institutional clients, today announced that it has been selected by the Teachers' Retirement System of the State of Illinois (TRS) to manage $180 million in its Core Fixed Income investment strategy.

John Chalker, managing director of LM Capital, said the firm's Core Fixed Income strategy utilizes a long-term macro economic, fundamental investment analysis approach, incorporating Global Scenario Planning to assemble a portfolio representing the most attractive fixed-income investment opportunities. In addition to the TRS, LM Capital's clients include the California Public Employees Retirement System (CALPERS), Colorado Public Employees Retirement Association (ColoPERA), Shell Oil, Kimberly Clark and the Ohio Bureau of Workers' Compensation, among others.

"We are very pleased about our selection to manage this significant fixed income allocation on behalf of TRS, one of the largest pension funds in the U.S.," said Chalker. "The addition of TRS not only adds to the depth and breadth of our list of clients, but it also recognizes the performance of our unique investment process that emphasizes a global, fixed-income investment approach."

"TRS is delighted to include LM Capital in our stable of outstanding managers. Their excellent track record served them well in our rigorous search," said Stan Rupnik, TRS director of investments.

LM Capital's Core Fixed-Income portfolios generally consist of 50 securities with a maximum of 10 years maturity and are comprised of treasuries, agencies, investment-grade (A/A2min or better) corporate issues and may include mortgage-backed securities.

About the Teachers' Retirement System of the State of Illinois

TRS is the retirement system for public school teachers and administrators employed in all Illinois public schools except the City of Chicago. It serves over 310,000 members and annuitants and had assets of $30 billion at December 31, 2003.

About LM Capital Group LLC

LM Capital Group LLC is a San Diego-based independent investment advisory firm registered under the Investment Advisors Act of 1940. The firm was founded in 1989 by Luis Maizel and John Chalker to provide fixed income investment services to institutional investors and is employed by public agencies, corporations and foundations across the United States. LM Capital Group manages approximately $1.95 billion in five fixed income products: short-term, intermediate-term, active core, opportunistic core (core plus) and emerging markets debt. For more information on LM Capital Group, visit www.lmcapital.com.
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Publication:Business Wire
Date:Apr 7, 2004
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