Chicago Park Employees' Annuity & Benefit Fund will start an asset allocation study in the next 30 to 45 days, said Joseph Fratto, executive director of the $640 million fund.
Becker Burke will be assisting.
The study follows adoption of the prudent investor rule, signed into law earlier this month. Results of the study are expected as early as mid-October.
The fund now has a 40% cap on equities, but invests another 10% through a basket clause. The rest of the asset mix is 43% bonds, 2% cash and 5% real estate.