Illinois Municipal Retirement Fund, Oak Brook, hired Western Asset Management to run $325 million in active domestic core-plus fixed income and BlackRock to manage $304 million in active domestic enhanced fixed income benchmarked to the Lehman Aggregate bond index, said Walt Koziol, director of investments for the $15.4 billion plan.
Funding comes from terminating $629 million in active global fixed income managed by Julius Baer. The plan eliminated the asset style, Mr. Koziol said.
Mercer assisted.
