Illinois State Board of Investment, Chicago, this week plans to search for a Lehman intermediate government/credit index fund manager to run $300 million, said William Atwood, executive director. The portfolio's current manager, Northern Trust Global Investments, can rebid, he said.
The $10.1 billion board's consultant, Marquette Associates, will screen prospective managers; firms interested in being included in the search should contact Marquette, Mr. Atwood said. Proposals will be accepted until early September. Further details could not be learned by press time.