Chicago Firemen's Annuity and Benefit Fund is searching for an investment consultant.
The $918 million pension fund is seeking an investment consulting firm to provide advice to its board on the investment management of the pension fund's assets, according to an RFP posted on the pension fund's website.
Whether current consultant Callan is invited to rebid could not be immediately learned.
The pension fund's target allocation is 35% domestic equities; 25% international equities; 20% fixed income; 4% each global real estate investment trusts, liquid diversifying assets, private equity and real estate; and 2% each commodities and Treasury inflation-protected securities.
As of Sept. 30, the actual allocation was 36.2% domestic equities, 24.2% international equities, 20.3% fixed income, 7.7% real estate, 3.5% diversifying strategies, 2.6% cash, 2.4% TIPS, 1.9% commodities and 1.2% private equity.
The RFP is available on the pension fund's website. Proposals are due at 3 p.m. CST on March 1. A selection is expected sometime in May.
Chief Investment Officer Lorna Scott could not be immediately reached for further information.
