Illinois State Universities Retirement System, Champaign, will be...

Illinois State Universities Retirement System, Champaign, will be studying ways to more than double the $12.4 billion system's real estate allocation, said James M. Hacking, executive director. The system's 2.5% allocation target will gradually rise to 7% over several years; the current $330 million allocation is in REITs. Board members want to study "how to implement a strategy to obtain additional exposure to a broad spectrum of real estate investments," considering a broad range of strategies, he said. No timetable has been established for developing an investment plan.