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Illinois Univs Awards Equity Mandates
Illinois State Universities Retirement System has appointed Fiduciary Management Associates and EARNEST Partners as active domestic core equity managers.
Illinois State Universities Retirement Systemhas appointedFiduciary Management AssociatesandEARNEST Partnersas active domestic core equity managers,Pensions & Investmentsreports. Fiduciary Management will manage small caps, while EARNEST will handle midcaps.
Each of the new managers will be awarded a $35 million mandate each. The funding will come from reducing the $1 billionWilshire 5000index fund ofRhumbLine Advisers. The investment consultant to the $14.4 billion system,Callan Associates, assisted on the appointments.
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