Illinois State Universities Retirement System, Champaign, is searching for two or more active global equity managers to run a total of $800 million. The managers would have a broad equity mandate for both developed and emerging markets, all benchmarked against the MSCI All-Country World index, and would have to comply with the Illinois Sudan and Iran divestment statutes. The incumbents — Wellington Management, which runs $420 million, and Capital Guardian, $350 million — can rebid.
Ennis Knupp, consultant to the $16.l3 billion fund, is assisting. The RFP is available at www.surs.org, and proposals are due Jan. 9. Trustees are expected to make selections in mid-March.
