Illinois Municipal trims alternatives target but remains friend of minority firms

Illinois Municipal Retirement System, pension fund, private equity
  • Target drops to 7 pct from 8 pct
  • Reason for reduction unclear
  • Strong appetite for emerging and minority managers
 Illinois Municipal Retirement Fund trimmed its target allocation to alternatives to 7 percent, even as it increased its minority-manager goal for private equity by 50 percent. The previous target allocation of 8 percent was recently lowered from 9 percent. At its ...

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