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Illinois Seeks Int’l Bond Manager

The Illinois State Board of Investment is seeking a non-U.S. fixed income manager to run $345 million.

The Illinois State Board of Investment (ISBI)is seeking a non-U.S. fixed income manager to run $345 million, Pensions & Investments reports. The distribution accounts for 3% of ISBI’s total $11.6 billion fund. Funding will be supported by the firm’s core fixed income portfolios.

The search will be assisted by Marquette Associates. Separately, ISBI will conclude the term of Amalgamated Bank, which currently manages $72 million, decrease the $870 million portfolio handled by Chicago Equity Partners and $139 million portfolio run by ULLICO.

Click here for the story from Pensions & Investments.

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