State Universities Retirement System of Illinois, Champaign, may increase its allocation to international equities and could search for managers. Trustees for the $6.8 billion fund raised the equity allocation by five points to 65% of the total fund, said James Hacking, executive director.
In December they are expected to decide how to allot the additional equity allocation. He said they're likely to add it to international and possibly to emerging markets, which could mean adding additional managers.
Increasing the equity allocation will come from reducing fixed income.