State of Illinois Employees' Deferred Compensation Plan, Springfield, selected finalists in searches for three investment options, said William Atwood, executive director of the $10 billion Illinois State Board of Investment, Chicago, a fiduciary to the plan.
The active domestic large-cap equity blend finalists are Cambiar Opportunity Fund, Legg Mason Value Trust and Victory Diversified Stock Fund. Fidelity now manages the $262 million portfolio in its Fidelity Fund. The firm was not asked to make a presentation because of the strength of the finalists, Mr. Atwood said.
The active domestic large-cap value equity finalists are Hotchkis & Wiley Large-Cap Value Fund, LSV Value Equity Fund and American Beacon Large-Cap Value Fund. This will be a new option for the employee-directed $2 billion fund.
The targeted-retirement fund finalists are Fidelity Freedom Fund and T. Rowe Price Target Retirement Date Fund. This will also be a new option.
The plan will now offer 14 investment options, up from 12.
Iron Capital Advisors is assisting. The finalists are scheduled to make presentations to the investment committee Wednesday, and the board could make a decision Friday.
