Chicago Transit Authority Employees Retirement Plan and the $726 million CTA Retiree Health Care Trust hired Marquette Associates as investment consultant.
An RFP was issued in December. It could not be learned by press time whether the incumbent consultant for both plans, Gray & Co., rebid.
Separately, the $1.9 billion pension fund decided to halt its search for a non-core real estate manager at Marquette’s recommendation. A new search might be conducted after Marquette has had a chance to review the pension fund’s $144 million real estate portfolio. If an RFP is issued, it will probably have a narrower focus, said Miguel Zarate, managing partner, at the pension fund’s board meeting on Wednesday.
The RFP for a non-core real estate manager to run at least $10 million was issued in February.
The pension fund’s allocation to real estate is 7.6% and its target 10%.
