Illinois State Board of Investment, Chicago, hired LSV Asset Management to run $200 million in active international small-cap equities.
The board didn’t assign a style bias to the portfolio, said William R. Atwood, executive director of the $11.2 billion ISBI.
Funding will come from a $200 million MSCI ACWI ex-U.S. index fund managed by SSgA, where the assets had been parked.
Consultant Marquette Associates assisted.
