Former U.S. President Barack Obama speaks during the North American Climate Summit in Chicago, Illinois, U.S., December 5, 2017. REUTERS/Kamil Krzaczynski - RC1778676380
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 ...