Chicago Public School Teachers’ Pension and Retirement Fund is searching for emerging managers to run $25 million in a hedge fund of funds.
The fund plans to hire one manager, according to Kevin Huber, executive director of the $9 billion Chicago teachers’ fund.
The RFP for the search is available at http://www.ctpf.org.
Proposals are due June 25. The fund’s board plans to make a decision by Sept. 30.
To qualify for the search, a manager has to have assets of less than $10 billion and be a minority-, woman- or disabled person-owned firm.
The Chicago teachers’ fund is seeking to capitalize on smaller managers in hedge funds, Mr. Huber said in a statement.
Funding will come from overweight allocations at the time of the hiring. Mercer, the fund’s consultant, is assisting in the search.
