Searches and Hires

Chicago Municipal hires Attucks as manager of emerging managers

Chicago Municipal Employees' Annuity & Benefit Fund hired manager of emerging managers Attucks Asset Management to run a portfolio of about $150 million, said Steve Yoon, investment manager.

The $4.3 billion pension fund issued an RFP in May because the current manager, FIS Group, has been on watch for performance for over a year. The firm did rebid.

Other finalists were Legato Capital Management and Progress Investment Management.

An FIS Group spokeswoman could not immediately provide comment.