Chicago Municipal Employees' Annuity & Benefit Fund is conducting an asset-liability study, according to recently released board meeting minutes.
Marquette Associates, which was rehired as the $5.2 billion pension fund's investment consultant in April, will assist the staff on the study.
The pension fund's current allocation targets are 25% each domestic equity and fixed income; 20% international equity; and 10% each hedged equity, private equity and real estate.
As of March 31, the actual allocation was 27% domestic equity, 26% fixed income, 21% international equity, 11% hedged equity, 9% real estate, 5% private equity and 1% short-term investments.
Michael Walsh, chief investment officer, did not return a phone call by press time.