Chicago Police puts international equity RFPs on most-wanted list

Chicago Policemen's Annuity & Benefit Fund issued two RFPs for active non-U.S. developed markets equity and active emerging markets equity managers.

The number of managers and the size of each assignment have not been determined.

Funding will come mainly from reducing other manager portfolios in the pension fund's $622 million international equity allocation.

Responses are due Sept. 28, according to RFP documents on the $3 billion pension fund's website. Manager selection likely will take place in late 2012 or early 2013, Samuel Kunz, the fund's chief investment officer, wrote in an e-mail.