Chicago Transit Authority Retiree Health Care Trust is searching for an active domestic large-cap value equity manager to run $40 million to $50 million, confirmed an unnamed official from Gray & Co., in an e-mail.
Investment consultant Gray & Co. is assisting the $662 million trust, which has a 37.5% target allocation to domestic equity.
The RFP is available on the CTA's website. Proposals are due at 3 p.m. CDT Oct. 25. A hiring decision is expected Dec. 19.
Gray & Co. declined to comment on the funding source for the search.