Illinois State Board of Investment, Chicago, may assign $960 million in proceeds from a $4.1 billion state pension bond sale to index funds and some active managers, Pensions & Investments reports. The board will allocate the proceeds to RhumbLine Advisers and State Street Global Advisors. RhumbLine manages four index funds including a $630 million S&P 500 fund and a $520 million Russell 1000 value fund, while SSgA manages a $512 million MSCI ACWI ex-U.S. index fund. The board may allocate some proceeds to LSV Asset Management, which manages $463 million in active large-cap value domestic equities, and Chicago Equity Partners, which runs $900 million in active intermediate government and credit fixed income.
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