Chicago Laborers' Annuity and Benefit Fund is searching for core, value-added and opportunistic real estate managers to run $5 million each and either a multisector or core-plus fixed-income manager to run $20 million, according to RFPs posted on the website of NEPC, consultant to the $1.4 billion pension fund.
The goal is to increase diversification, according to the RFPs.
The RFPs are available on NEPC's website at http://www.nepc.com/investment_managers/advertised_searches. Responses to the RFPs are due Aug. 19. No timetable was given.
James Capasso Jr., Chicago Laborers executive director, could not be reached for comment.