Public School Teachers' Pension & Retirement Fund of Chicago plans to issue an RFP next month for a general investment consultant, said Kevin Huber, CFO and acting executive director. Current consultant Mercer Investment Consulting's contract expires in June, prompting the board of the $10.3 billion fund to approve the search, he said. Mercer will be allowed to rebid. The plan's real estate consultant, Townsend Group, is not affected, he added. The RFP will be available from the fund.
The board plans to review bids in March and April and make a decision in May, he said.