Chicago Transit Authority Employees Retirement Plan is searching for a non-core real estate manager to run at least $10 million, confirmed John Kallianis, executive director.
The $1.9 billion pension fund is working toward keeping its 10% target allocation to real estate.
The RFP is available on the pension fund’s website. Proposals are due Feb. 26. A hiring decision is expected in March.
Real estate consultant Townsend Group is assisting.
Separately, the pension fund hired Graham Capital Management to run $10 million in its absolute-return strategy. The hire is the result on an RFP issued in May for a global macro hedge fund manager.
Also, the board expects to hire a core real estate manager at the Feb. 27 board meeting, Mr. Kallianis said in an e-mail.
