Chicago Laborers’ Annuity & Benefit Fund on Wednesday issued an RFP for an absolute-return fixed-income manager to run $35 million to $45 million.
The $1.2 billion pension fund is looking for managers that run the “entire spectrum of global fixed-income markets,” including government bonds, credit, and currencies. Hedge fund strategies will not be considered, the RFP said.
The funding source was not identified in the RFP. Michael P. Walsh, executive director and chief investment officer of the pension fund, could not be immediately reached for further details.
The pension fund’s investment consultant, NEPC, is assisting with the search.
The RFP is available on NEPC’s website. Proposals are due by 5 p.m. CDT Nov. 2; a date for a selection has not been set.