Searches and Hires

Chicago Firemen’s fund casts net for TIPS manager

Chicago Firemen's Annuity & Benefit Fund is searching for a U.S. Treasury inflation-protected securities manager to run $20 million, or approximately 2% of the total $895 million pension fund portfolio, said an RFP posted on the pension fund's website.

The reason for the search could not immediately be learned. The pension fund has a 2% target to TIPS.

The RFP is available on the pension fund's website.

Proposals are due by March 31, with finalist presentations tentatively scheduled for May 23 and a hiring decision anticipated on May 31.

Investment consultant Callan is assisting. Interested firms must submit their information to Callan's database.

Steven Swanson, executive director, was not immediately available for additional information.