Chicago Public School Teachers’ Pension & Retirement Fund will review its emerging market equities, including evaluation of its allocation to the asset class, as part of consultant Mercer’s 2002 agenda for the $9.2 billion fund, said Michael J. Nehf, executive director. Mercer also plans "to review the investment guidelines and access the implementation of the emerging markets exposure,” he said.
The fund, which has a 2.5% target allocation to emerging markets, has 1% of assets invested, split about evenly between Schroder and Zurich Scudder, recently purchased by Deutsche Bank.
"It’s too early to tell” what will come out of the evaluation, Mr. Nehf said. "Mercer didn’t discuss any details” of planned recommendations for the fund.
