Illinois State to build emerging manager database

Illinois State Board of Investment, Chicago, plans to create a database of emerging managers, including minority- and women-owned firms, said William Atwood, executive director of the $10.3 billion fund. The database is part of fund officials' efforts to include more emerging managers in searches and hirings for public-market equity and fixed-income assignments. The board allocated about $500 million to emerging managers in recent months, but so far has placed only $80 million with three firms, Mr. Atwood said.