Illinois State Universities Retirement System staff is monitoring BlackRock because of its agreement to merge with Merrill Lynch Investment Managers, said Daniel L. Allen, CIO. BlackRock manages three accounts for the $14.3 billion Champaign-based fund: $546 million in an enhanced Lehman Aggregate bond fund; $403 million in a modified enhanced S&P 500 fund; and $205 million in core-plus fixed income. SURS does not have a watchlist, Mr. Allen said.
Staff plans to discuss the situation with the system's investment committee at its March 9 meeting, Mr. Allen said. Consultant Ennis Knupp has been asked to provide a report about the deal at the meeting, he added.
"It's something we're monitoring, but we don't see any changes at this point," he said.