Illinois Municipal issues $500m non-core RFP

The $30.1bn retirement fund is seeking to invest a minimum of $500m in non-core fixed income strategies. 

The Illinois Municipal Retirement Fund issued a request for proposals for non-core fixed income managers targeting investments in securitized assets, full-spectrum credit and/or other strategies on Monday, according to its website.

IMRF has dedicated at least $500 million for the non-core strategy, which may include bank loans, high yield, opportunistic and emerging market debt, according to materials.

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