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Illinois Muni Awards $650M Mandates
Illinois Municipal Retirement Fund, Oak Brook, has appointed BlackRock and Vision Capital Management for domestic large-cap growth equities.
Illinois Municipal Retirement Fund, Oak Brook, has appointedBlackRockandVision Capital Managementfor domestic large-cap growth equities,Pensions & Investmentsreports. BlackRock will manage $600 million, while Vision Capitalwill run $50 million.
Partial funding for the mandates will come from the termination ofAllianceBernstein, which managed $560 million in the asset class. The remaining $90 million will come from slashing aNorthern Trust S&P 500 Citigroup Growthindex fund.
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