Illinois State Board of Investment, Chicago, has shifted its asset allocation, the result of an asset allocation study, said Jane Patterson, executive director.
The $7.4 billion fund's new asset mix is: 45% U.S. equities; 20% non-U.S. equities; 25% fixed income; 5% alternative investments; and 5% real estate, said Ms. Patterson.
The primary change is a movement of 8% of assets to U.S. stocks from fixed income, she said. The new allocation will be implemented with existing managers, Ms. Patterson said.
