Illinois State Board of Investment, Chicago, is searching for a minority-owned manager to run $100 million in active, intermediate government/credit fixed income.
According to an RFP, posted at http://www.isbi.illinois.gov, proposals are due Aug. 16. The board, which oversees $9.6 billion in defined benefit assets, could make a decision Sept. 24.
Marquette Associates, ISBI's consultant, is assisting in the search.
Among the requirements: at least $1 billion in assets under management, including at least $300 million in intermediate government/credit fixed income.
ISBI plans to benchmark the portfolio to the Barclays Capital Intermediate Government/Credit index.
William R. Atwood, ISBI executive director, couldn't be reached for comment.