The Illinois State Board of Investment, Chicago, will review Franklin Templeton, which manages $246 million in active international core equities for the $9.5 billion system, in light of market-timing charges against parent Franklin Resources, said William Atwood, executive director. Staff will examine whether the allegation has any impact on the fund and on the company's institutional ethical standards. "We have to examine how this impacts our relationship," he said. Staff will report to the board at its March meeting.
Diana Walery, Franklin spokeswoman, did not comment by press time.