Oak Brook-based Illinois Municipal Retirement Fund (IMRF) has appointed Channing Capital Management, Pensions & Investments reports. Channing will manage $52 million in active U.S. equities for the $26.6 billion fund. Funding will be provided by reduction of index funds managed by Northern Trust Global Investments, which amount to a total of $6.44 billion. The appointment of Channing is part of the fund’s diversification effort.
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