SEARCHES AND HIRES

Chicago Laborers scouting for investment consultant

Chicago Laborers’ Annuity & Benefit Fund is searching for an investment consultant to the $1.2 billion pension fund.

The current consultant for the pension fund is NEPC; it could not be learned if the firm can rebid. Michael Walsh, executive director and chief investment officer of the plan, could not be reached for further details by press time.

The RFP is on the pension fund’s website. Proposals are due at noon CST Feb. 27, and interviews are scheduled for March 21, according to the RFP. No selection date was provided.

The consultant search comes after the pension fund earlier this week canceled an RFP issued Jan. 10 for a credit hedge fund-of-funds manager to run $10 million, and postponed evaluations on responses to a search begun in October for an absolute-return fixed-income manager to run $35 million to $45 million. NEPC was listed in both RFPs as assisting on the searches.