Illinois Municipal diverts $550 mln from Pyramis
The $34 billion Illinois Municipal Retirement Fund voted to divest $550 million from Pyramis Global Advisors’s Pyramis High-Yield Fixed Income Mandate and move its money to four other managers because the unit of Fidelity Investments didn’t meet its brokerage utilization goals for minority, female and persons with a disability-owned business, according to a statement from the public LP.
31 March 2014•2 mins read
