Searches and Hires

Lake Zurich Firefighters calls on Sawyer Falduto to manage pension fund

Lake Zurich (Ill.) Firefighters' Pension Fund hired Sawyer Falduto Asset Management to manage the fund's $29 million in assets, said Jodie Hartman, director of finance for the city and treasurer for the pension fund, in an email.

An RFP was issued in May for due diligence purposes. It could not immediately be learned whether the incumbent manager MB Financial Bank rebid.

At the time the RFP was issued, the pension fund had an asset allocation of 55% equity and 45% fixed income/money market investments.