This content is from: Innovation

Illinois Muni To Boost Bond Mandates

Illinois Municipal Retirement Fund is planning to expand the portfolios managed by two core fixed-income managers.

Illinois Municipal Retirement Fund (IMRF) is planning to expand the portfolios managed by two core fixed-income managers, Pensions & Investments reports. Piedmont Investment Advisors manages $282 million for the $25.3 billion fund, while EARNEST Partners manages $260 million.

IMRF will be slashing a $1.7 billion Barclays Capital Aggregate fixed-income index fund, managed by Northern Trust Global Investments, for the increased funding. The pension fund is being assisted by investment consultant, Callan Associates.

Click here for the story from Pensions & Investments.

Related Content