Illinois Municipal Retirement Fund, Oak Brook, hired Investment...

Illinois Municipal Retirement Fund, Oak Brook, hired Investment Counselors of Maryland to manage $245 million in a small-cap value portfolio. The funding came from terminating Dalton, Greiner, Hartman & Maher as a small-cap value equity manager for performance reasons, said Walter Koziol, director of investment for the $13.3 billion fund. Kenneth Greiner, co-founder of the investment firm, declined to comment on the termination.