Public Teachers’ Pension & Retirement Fund of Chicago chose to retain incumbent William M. Mercer as its full retainer consultant. Trustees also interviewed: BARRA RogersCasey; Callan; Wilshire; and Marquette Associates. Mercer proposed a flat fee of $325,000 per year, which includes calculating all money managers’ performance numbers. Any asset liability work was not included in the proposed fee, but the fund recently completed such a study. Mercer has been the $9.5 billion fund’s sole consultant since 1989.
Public Teachers' Pension & Retirement Fund of Chicago chose to retain...
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