$500 million shift to enhanced index equity set

Illinois State Universities Retirement System, Champaign, plans to move $500 million to enhanced domestic index equities, said CIO Daniel L. Allen. The $15.5 billion system, which could hire more than one manager to run the money, hasn’t determined the benchmark, but it could be the Russell 3000, Mr. Allen said. The source of the funding hasn’t been decided, but it could come from the $2.4 billion in Wilshire 5000 index assets managed by Northern Trust or the $460 million also managed passively to the index by BGI, Mr. Allen added. Ennis Knupp is assisting.