Chicago Policemen's Annuity & Benefit Fund rehired NEPC as investment consultant, said Aoifinn Devitt, chief investment officer of the $2.3 billion pension fund, in an e-mail.
An RFP was issued last year due to a policy that services go out to bid every five years.
The other finalists were Marquette Associates, Pension Consulting Alliance and Wilshire Associates.
As of June 30, the pension fund had a target allocation of 22% fixed income, 21% U.S. equity, 20% international equity, 12% global asset allocation, 7% each private equity and hedge funds, 5% real estate, 4% real assets and 2% infrastructure.
