Illinois Municipal retains Callan as consultant
The $34.8 billion Illinois Municipal Retirement System has retained Callan Associates as its investment consultant, subject to legal diligence, completing a search it began on May 15, 2014. Callan beat out six other finalists to retain the position it has held since Jan. 1, 2010.
Callan’s current contract terminates Dec. 31, 2014, and its new contract, which begins the next day, will run through year-end 2019. The retirement fund evaluated each of the seven finalists for organizational stability, commitment to diversity, consulting skill, performance, fees for the services provided and cultural fit with the IMRF Investments Department, according to an email from Megha Kauffman, senior communications specialist with IMRF.
The $43.6 billion Illinois Teache