Chicago Firemen’s Annuity & Benefit Fund rehired Callan Associates as investment consultant, pending legal review, recently released board meeting minutes show.
An RFP for an investment consultant was issued earlier this year due to a policy that services go out to bid every five years.
As of March 31, the $806 million pension fund had an asset allocation of 39.6% domestic equity, 30.6% fixed income, 24.7% international equity, and 5.1% alternatives.
Timothy J. McPhillips, interim executive director, could not immediately be reached for additional information by press time. Kenneth Kaczmarz retired as executive director on June 30. Mr. McPhillips was a trustee on the pension fund board.