Chicago Metropolitan Water Reclamation District Retirement Fund will issue an RFP for an investment consultant on Friday, said Susan Boutin, executive director.
Incumbent Gray & Co. may rebid. Ms. Boutin said the board had concerns with recent disclosures about the consultant and its president and founder, Laurence Gray.
The RFP will be posted on the $1.2 billion pension fund's website. A hiring decision could be made at the March board meeting, Ms. Boutin said.
