Illinois Police Selects Capital Group as Emerging Markets Debt Manager

The Illinois Police Officer’s Pension Investment Fund (IPOPIF) approved the selection of Capital Group Emerging Markets Debt as its new emerging markets debt manager, per recently published materials from its October 18 board meeting.

After manager presentations, IPOPIF staff and investment consultant Verus approved the motion to invest 1.5% of the total fund, or $160M, into the Capital Group Emerging Markets Debt Trust. MetLife Investment Management and Payden & Rygel were also considered in the search.

According to Dakota data, the IPOPIF manages approximately $10.2B of assets.

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