Chicago Laborers’ Annuity & Benefit Fund is searching for an investment consultant for the $1.4 billion pension fund.
Current consultant NEPC can rebid, said Michael Walsh, executive director and chief investment officer. NEPC’s contract expires in July, he said.
The selected consultant will review the pension fund’s asset allocation. Its target allocation as of Dec. 31 was 27.5% U.S. equity; 11.5% international equity; 10% global tactical asset allocation; 8% hedge funds; 6.5% global fixed income; 6% each U.S. fixed income, private equity and real estate; 5% each global equity and emerging markets equity; 3% real assets; 2.5% emerging markets debt; 2% risk parity and 1% cash.
The RFP is available on the pension fund’s website. Proposals are due at noon CDT March 20. A selection date has not been set.