08/23/2019 | Press release | Distributed by Public on 08/23/2019 12:23
OAK BROOK, Ill. - August 23, 2019 - Today, the Illinois Municipal Retirement Fund (IMRF) Board of Trustees appointed Wilshire Associates, Inc., as IMRF's new Investment Consultant and Performance Measurement Services Provider effective January 1, 2020, subject to satisfactory legal due diligence.
Wilshire will assist IMRF in several ways including asset allocation, portfolio construction and implementation, sourcing managers, and performance measurement. Wilshire previously partnered with IMRF on an asset/liability-modeling study in 2016. The contract with Wilshire is for a 5-year term.
Callan Associates has been IMRF's investment consultant since 2010.
As of June 30, the IMRF total portfolio was valued at $42.8 billion.