ISBI adds to active international, infrastructure

Illinois State Board of Investment, Chicago, is looking to move more international equity assets into active management and wants to reach its 5% infrastructure allocation. The board of the $12.2 billion system is reducing a $293 million MSCI ACWI index fund and a $268 million MSCI EAFE index fund for a new $250 million active international equity allocation. The system also is looking to place $250 million into infrastructure with a new manager and possibly add money to existing managers Alinda and Macquarie. The money would come from the $12.6 billion fixed-income portfolio. William R. Atwood, executive director, said the fund is taking proposals from managers through mid-February.