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October 21, 2013 01:00 AM

Illinois SURS taps NEPC for 2 consulting roles

Barry B. Burr
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    Illinois State Universities Retirement System, Champaign, selected NEPC as general investment consultant and real estate consultant, Daniel L. Allen, chief investment officer of the $16.8 billion retirement system, said in an e-mail.

    The hiring, which is pending contract negotiations, was the result of an RFP issued in May for general investment and real estate consulting services for the retirement system's $15.6 billion defined benefit plan and $1.2 billion 401(a) plan.

    The board initiated the search because the contract of Callan Associates, incumbent for both consulting roles, expires Dec. 31.

    Callan and Hewitt EnnisKnupp were the other finalists.

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