Chicago Park Employees' Annuity & Benefit Fund is searching for managers to run $20 million each in infrastructure and risk-parity strategies, according to RFPs posted on the pension fund's website.
The $402 million pension fund does not currently have allocations to either asset class. It is looking for private open-end infrastructure management. The selected manager must have a minimum three-year track record as of Dec. 31.
The risk-parity manager also must have a three-year track record and at least $1 billion in risk-parity assets under management.
Investment consultant Marquette Associates is assisting.
The RFPs are available on the pension fund's website. Both proposals are due April 12. A hiring date was not specified.
Dean Niedospial, executive director, did not return a telephone call by press time.