Chicago Policemen's Annuity and Benefit Fund will issue an RFP for a provider of legal services for investment management contracts, especially for alternatives managers, Samuel Kunz, the fund's chief investment officer, said in an interview.
Trustees of the $3 billion fund approved the search at a Tuesday board meeting.
Mr. Kunz said the RFI for legal services currently posted on the fund's website will be reposted as an RFP, but the timing of the change has not been determined.