Chicago Transit Authority Employees Retirement Plan is searching for firms to passively manage an S&P 500 index fund and MSCI ACWI ex-U.S. index fund, said RFPs posted on the $1.9 billion pension fund’s website.
The allocation sizes and funding sources could not be learned by press time.
As of June 30, the pension fund had a 36% target allocation to U.S. equity and 15% target to non-U.S. equity.
Separately, the $726 million CTA Retiree Health Care Trust is searching for an emerging manager to run about $80 million in domestic core fixed income.
Separate and commingled funds will be considered. The funding source could not be learned by press time.
The RFPs are available on the pension fund’s website. All proposals are due by 3 p.m. CST on Dec. 12. Hiring dates were not disclosed.
Investment consultant Marquette Associates is assisting with all of the searches.
John Kallianis, the pension fund’s executive director; Jim O’Connell, the pension fund’s general counsel; and Kweku Obed, senior vice president at Marquette Associates, did not return telephone calls seeking additional information by press time.