Illinois State Board of Investment Awards Major Mandate to BlackRock

Posted on 07/10/2018


The Illinois State Board of Investment awarded BlackRock a huge mandate to oversee or have discretionary oversight of US$ 12 billion of the US$ 18.3 billion in defined benefit plan assets. Essentially, BlackRock will manage US$ 8.6 billion in indexed assets. The manager will then have discretionary oversight over US$ 2.8 billion in actively-managed assets. […]