Illinois Municipal Retirement Fund, Oak Brook, issued an RFP for a search for managers to run a total of $750 million in active international value equities.
The $26 billion fund could to hire more than one manager, according to the RFP.
The RFP is available at the " target="_blank">plan's website
" target="_blank">plan's website.
Proposals are due Sept. 9; a decision is expected in December or January.
The IMRF plans to benchmark managers for the allocation primarily to the MSCI ACWI ex-U.S. index.
Funding would come from a $1.9 billion MSCI EAFE index fund, managed by Northern Trust Global Investments.
Callan Associates, IMRF's investment consultant, is assisting in the search.
Walter Koziol, chief investment officer, couldn't be reached for comment.