Illinois pension rebalances to MWBE firms

The Illinois Municipal Retirement Fund (IMRF) at its latest board of trustees meeting made new commitments to a Latino-owned investment management firm as well as shifted its portfolio to allocate to Minority- and/or Women-owned or MWBE firms.

IMRF CIO Angela Miller-May (provided)

The board for the $54.7 billion pension approved a $2.15 billion rebalance plan to handle asset allocation imbalances and areas of concentrated risk within the public markets asset classes. Following the moves, roughly 44% or $940 million will be allocated to MWBE firms. Overall such firms manage roughly $11 . . .

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