Illinois State Board of Investment, Chicago, selected Knight Capital Group, BNY ConvergEx Group, Northern Trust and State Street as prequalified managers in its transition management pool, said William R. Atwood, executive director of the $10.1 billion fund.
They join existing transition managers BlackRock, J.P. Morgan and Frank Russell.
The hirings are the result of an RFP the board conducted to broaden the transition manager stable, Mr. Atwood said.
