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 Mercers 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.
"Its too early to tell what will come out of the evaluation, Mr. Nehf said. "Mercer didnt discuss any details of planned recommendations for the fund.