State of Illinois Employees' Deferred Compensation Plan, Springfield, plans to search for a general retainer consultant to assist in reviewing investment managers and policies for the $2 billion fund, among other duties, said William Atwood, executive director, Illinois State Board of Investment, Chicago, a fiduciary to the plan. The fund has used consultants only for one-time reviews and searches and instead wants to hire a consultant for a long-term relationship, he said.
Fund officials intends to begin the consultant search after they complete a search for three investment options for the plan, he said. They expect to decide on the options in March.
