Illinois Municipal trims alternatives target but remains friend of minority firms

Illinois Municipal Retirement System, pension fund, private equity
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
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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