Cook County Annuity & Benefit Fund and the Cook County Forest Preserve District Employees' Annuity & Benefit Fund, both of Chicago, are searching for an investment consultant.
The board of the pension funds, which have a combined $10.9 billion in assets, is seeking an investment consultant to provide ongoing advice, technical support, asset allocation reviews and manager search capabilities, according to an RFP on the pension funds' website.
The current consultant is Callan. Whether the firm is invited to rebid could not be immediately learned.
As of Sept. 30, the $10.7 billion county pension fund's actual allocation was 33.4% domestic equities, 24.8% fixed income, 21.6% international equities, 7.5% real estate, 6.6% hedge funds, 5.7% private equity and 0.4% cash.
As of that same date, the $202 million forest preserve fund's actual allocation was 35.8% domestic equities, 27.7% international equities, 16.8% fixed income, 11.6% hedge funds, 7.6% real estate and 0.5% cash.
The RFP is available on the pension funds' website. Registration is required. Proposals are due at 3 p.m. CDT on March 23. A timeline for a decision was not provided.
Regina Tuczak, executive director, did not return phone calls seeking further information.