Chicago Policemen’s Annuity & Benefit Fund posted an RFP for cash management investment services for the $2.4 billion pension fund.
The RFP documents did not specify the number of managers sought, but they did note that short-term assets managed in the cash account typically will range between $50 million and $150 million. Responses must be submitted to Aoifinn Devitt, the pension fund’s chief investment officer, and NEPC, the pension fund’s investment consultant by 5 p.m. on May 31.
The pension fund does not have an incumbent cash manager.
