Illinois State Board of Investment is seeking a foreign-tax consultant, Pensions & Investments reports. The $10.2 billion board is aiming to enable it to hold more securities issued in emerging markets by complying with their tax laws and investor registration requirements. The board has about 15-20% of its $2.1 billion international equity portfolio allocated to emerging markets, all invested at the discretion of its international equity managers. The board is not planning to change its overall emerging markets allocation or add managers.
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