Illinois State Board of Investment, Chicago, later this month will search for two core real estate managers to run $300 million each in separate accounts for the $10.6 billion fund. Funding will come from reducing portfolios of State Street Global Advisors, which manages about $900 million in core and intermediate fixed income for the fund. The search is part of a restructuring to move the real estate allocation closer to that of the NCREIF Property Index, which is 70% core. The board has $630 million in real estate assets. Real estate consultant Townsend will assist, said William Atwood, the board's executive director. The board hopes to make a decision in August.