Chicago Firemen’s Annuity & Benefit Fund is searching for domestic large-cap growth equity, global enhanced cash/short-term bond and foreign currency investment firms, according to an RFP posted on the $913 million pension fund’s website.
The large-cap growth manager will run $40 million; global enhanced short-term bonds, $20 million; and the foreign currency mandate will be “funded on a notional basis,” according to the RFP.
The fund has a 69% allocation to equity, 23% fixed income and 8% alternatives. The target allocations are 65%, 25% and 10%, respectively.
Investment consultant Callan Associates is assisting.
The RFP is available on the fund’s website at www.fabf.org/RFP/SIA.2012.FINAL.pdf. Proposals are due Aug. 24. The selection process is expected to start no later than December.
Michael Moran, chief investment officer, was not available for additional information.