Chicago Public School Teachers’ Pension and Retirement Fund hired Leading Edge Investment Advisors to run $200 million in an international equity emerging manager-of-managers program, according to Kevin Huber, executive director of the $9 billion fund.
Managers will be those owned by minorities, women or the disabled.
Funding will come initially from United Investment Managers, which ran slightly more than $100 million in a similar emerging manager-of-managers program. UIM was dropped for organizational reasons, Mr. Huber said in a statement. The rest of the funding will come as the fund rebalances asset classes that are overweight in comparison to their targets.
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