Teachers Retirement System of Illinois, Springfield, terminated portfolios run by Brandywine Asset Management and Hotchkis and Wiley because of poor performance and duplication, after a comprehensive review of seven of the $21 billion funds managers. The $500 million run by Hotchkis and Wiley in active large-cap domestic stocks was placed in an S&P 500 index fund run by State Street Global; the $130 million in active international equities run by Brandywine was put in an SSgA EAFE index fund. Hotchkis will continue to manage $12 million in a small-cap value portfolio; $99 million, international equity; and $158 million, cash management. Officials of both firms declined to comment on the terminations. Keith Bozarth, executive director, said trustees will discuss the manager lineup including potential searches for replacements for the terminated portfolios upon completion of an asset allocation study being conducted by Strategic Investment Solutions.