Illinois Municipal Retirement Fund is looking for equity managers to manage around $900 million in active domestic large-cap growth and $100 million in active international small caps, Pensions & Investments reports. The pension system may hire more than one manager for each assignment.
Funding for the domestic equity search could come in part from the $485 million managed by AllianceBernstein, while the remaining could come from index funds. The fund’s investment consultant, Callan Associates, is assisting with both the searches.
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