Illinois Muni Awards $650M Mandates

Illinois Municipal Retirement Fund, Oak Brook, has appointed BlackRock and Vision Capital Management for domestic large-cap growth equities, Pensions & Investments reports. BlackRock will manage $600 million, while Vision Capitalwill run $50 million.

Partial funding for the mandates will come from the termination of AllianceBernstein, which managed $560 million in the asset class. The remaining $90 million will come from slashing a Northern Trust S&P 500 Citigroup Growth index fund.

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