Chicago Policemen's Annuity & Benefit Fund will interview finalists at its Nov. 24 investment committee meeting to manage part of the $2.8 billion fund's new infrastructure allocation.
The fund's board likely will select at least one manager at its Nov. 25 meeting, said CIO Sam Kunz.
The plan added the 5% infrastructure allocation earlier this year.
Mr. Kunz said the fund's investment committee also will begin educating trustees next month about its new currency allocation. Potential manager searches and the size of possible mandates have not been determined.
Currency management is part of the fund's 10% allocation to opportunistic alternatives that was approved at the beginning of the year.
Separately, the fund hired at least one private equity fund-of-funds manager. He would not provide the size of the new mandates nor the number of money managers hired. Mr. Kunz said the board has instituted a new "quiet period" policy that forbids him from announcing managers until contracts have been signed.