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Illinois seeks investment consultant for DC plan

by Zoë Wolff

The Illinois State Board of Investment is seeking a general investment consultant for the $4.1 billion Illinois State Employees’ 457 Deferred Compensation Plan.

Marquette Associates resigned in October following the hiring of Meketa Investment Group as investment consultant for the $15 billion defined benefit plan the investment board oversees. Marquette and Meketa are invited to bid.

The RFP is available on the investment board’s website. Proposals are due Feb. 26, and a decision is expected by the end of June.

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