SEARCHES & HIRINGS
Elgin (Ill.) Police Pension Fund is looking to add equity index funds to its asset mix, following a change in the fund's investment policy.
The board approved increasing the fund's equity allocation to 35% of total assets in compliance with a state law that took effect Jan. 1.
The $32 million fund is reviewing information it has received on specific funds and will be meeting later in the year to decide. James Lamkin, trustee, had no additional information on the number or type of funds to be added or how much money would be awarded.
The fund's board is conducting the search internally