Chicago Park Employees preps consultant search

Chicago Park Employees' Annuity & Benefit Fund expects to issue an RFP for an investment consultant this year, recently released board meeting minutes show.

The search is being conducted due to a policy that services go out to bid every five years, according to the minutes.

Further information on the RFP release date and whether current consultant Marquette Associates can rebid could not immediately be learned.

Once available, it is expected the RFP will be posted on the $383 million pension fund’s website.

As of June 30, the pension fund had an asset allocation of 28.5% U.S. equity, 20.5% fixed income, 20% international equity, 9% real estate, 7% each private equity and hedged equity, 5% infrastructure and 3% risk parity.

Dean Niedospial, executive director of the pension fund, could not immediately be reached for additional information by press time.