Illinois Teachers Retirement System, Springfield, is searching for four active domestic equity managers to run $606 million in small-cap to midcap growth, $303 million each in large-cap growth and small-cap value, and $92 million in large-cap value. The large-cap value portfolio is open only to an Illinois-based manager. Interested managers should contact the Chicago office of Callan Associates. The moves are part of the $22.8 billion systems increase in domestic equities to 41% from 31% of assets.
Separately, the system put seven firms on watch for performance reasons. They are: active international fixed-income managers Julius Baer, running $527 million, UBS Global Asset, $538 million, and Rogge Global Partners, $522 million; active domestic fixed-income managers PIMCO, $1.3 billion, Weiss Peck & Greer, $641 million, and Payden & Rygel, $637 million; and active domestic equity manager Geewax Terker, $397 million.
John Day, spokesman for the system, said trustees revised their watchlist policy, so more firms likely will be placed on watch, but for shorter periods. He stressed that the list is "not a pre-termination list.