Chicago Transit Authority Employees Retirement Plan is searching for an investment consultant, said John V. Kallianis, executive director, in an email.
The $1.8 billion pension fund issued an RFP to comply with state law requiring the services must be put up for bid every five years, Mr. Kallianis said. Current consultant Marquette Associates is invited to rebid.
As of June 30, the actual allocation was 27.4% domestic equities, 19.3% international equities, 17.5% fixed income, 13.4% real estate, 9% private equity, 6.2% hedge funds, 5.3% infrastructure and the rest in cash.
The RFP is available on the CTA's website. Proposals are due at 3 p.m. CDT on April 5. A decision is tentatively scheduled to be made by May 23.