The Chicago Public School Teachers' Pension & Retirement Fund selected Attucks Asset Management, Northern Trust and Progress Investment Management to run $100 million each in funds of funds using minority- and women-owned firms and other emerging managers, pending contract negotiations with the $10.2 billion plan. Also, Progress' hiring is contingent on the completion of its senior management buyout of the company from Columbia Management Group. The funding source has not been determined, but trustees are considering reducing the plan's active domestic equity and domestic index equity allocations. They may decide at their May meeting.
Mercer Investment Consulting assisted.
