February 25, 2020
Minority and/or Women-Owned Business Enterprise (MWBE)
Minority and/or Women-Owned Business Enterprise (MWBE)
Public Markets Investment Manager of Managers (MoM) Search
On February 3, 2020, IMRF requested proposals from MWBE MoMs offering actively managed fixed income and/or international equity strategies. Responses were due no later than February 24, 2020. The Quiet Period for this process is the period of time beginning when the RFP was issued and ends when a selection has been made by the IMRF Board of Trustees or the process is declared to be complete. The Quiet Period for this search ended August 28, 2020.
After evaluating the responding firms on people, process, performance, price, and fit with IMRF, the IMRF Board of Trustees approved the following:
- Allocation of up to $100 million to Attucks for a Fixed Income MWBE MoM account, subject to satisfactory legal due diligence
- Allocation of up to $100 million to Xponance for an International Equity MWBE MoM account, subject to satisfactory legal due diligence