Illinois State Universities Retirement System, Champaign, added $15 million to active domestic small-cap equity manager Profit Investment Management, bringing its assignment to $51 million.
The $14.4 billion system also changed Profit's benchmark to the Russell 2000 Growth index from the Russell 2000 index, Daniel L. Allen, chief investment officer, wrote in an e-mail. Profit has been outperforming its benchmark.
Profit requested the benchmark change to better reflect its investment approach.
