Illinois TRS fires BlackRock from $643.5m brief

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US - The Teachers' Retirement System of the State of Illinois (Illinois TRS) has terminated BlackRock from a US$643.5m domestic enhanced equity mandate for poor performance and hired a slew of other managers.

In a release yesterday, the board of trustees said organisational concerns also played a role in the firm's termination. BlackRock officials declined to comment. At a recent board meeting, trust...

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