Illinois Municipal broadens PE focus as it mulls reducing assumed returns

Illinois Municipal Retirement Fund, pension fund, private equity
An Illinois state flag waving in the four ground of the iconic Wrigley building. Photo courtesy of 400tmax/iStock/Getty Images
Illinois Municipal Retirement Fund’s board at its Dec. 14 meeting will consider reducing its assumed rate of investment returns, driven by concern about higher market volatility and decreasing returns across asset classes. The pension system has maintained 7.5 percent assumed ...

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