Illinois Police Officers’ Pension Investment Fund board of trustees approves search for an active investment manager for emerging markets debt.

The Board of Trustees of the Illinois Police Officers’ Pension Investment Fund (IPOPIF), a consolidated asset pool that exists for the exclusive purpose of protecting and investing the assets of the pension funds covering police officers serving and protecting all downstate and suburban Illinois municipalities, today approved a search for an active investment manager for emerging markets debt (EMD) investments with manager interviews and selection targeted for the September 13, 2024, board meeting.

“Emerging markets debt is an asset class that provides attractive yield and diversified income comparable to high yield and bank loans,” noted IPOPIF Investment Officer, Steve Yoon. “It provides high income potential from a wide range of developing countries and regions with less correlation to equities and bonds.”

Further details can be found in the link below.

Managers interested in responding to the RFP have until March 22, 2024.

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RFP Details