Chicago Public School Teachers’ Pension and Retirement Fund is seeking a manager of investments and a portfolio manager-private equity and hedge funds. Both are new positions at the $9.4 billion fund.
The fund is adding the staff because of the “increasing complexity of our portfolio,” especially in the non-publicly traded securities area, according to Kevin R. Huber, executive director.
The manager of investments will oversee the entire investment portfolio in all asset classes and a staff of four, as well as help to develop and implement investment strategy.
Qualifications include having at least five years of experience in pension fund investment management and administration at a management level. The manager will report to Mr. Huber.
The portfolio manager-private equity and hedge funds will oversee those investments, reporting to the manager of investments. Qualifications include a preference for a bachelor’s degree in accounting or finance-related field or more than five years of investment experience. The fund has $346 million in private equity and $150 million in hedge funds.
The fund is not using an executive search firm. It plans to keep the postings on its website, www.ctpf.org, open to applicants for at least 30 days and plans to hire in the next three months, according to Mr. Huber.