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Illinois Teachers erases 2 active domestic equity managers

The $46 billion Illinois Teachers’ Retirement System terminated two active domestic equity managers at a Feb. 17 board of trustees meeting.

Terminated for performance concerns were Apex Capital Management, which managed $118 million for the Springfield-based fund, and Mesirow Financial for an $83 million allocation, said David Urbanek, a TRS spokesman.

Mark Harrell, senior vice president business development at Apex, did not respond to an email seeking comment on the termination.

Deborah S. Krieps, a Mesirow managing director, declined comment.