Chicago Laborers' Annuity & Benefit Fund is searching for a manager of emerging managers to oversee $50 million to $100 million.
The $1.1 billion pension fund is seeking a manager of emerging managers, defined as any manager owned by women, minorities or a person with a disability that has $10 million to $10 billion in assets under management, according to an RFP on the pension fund's website.
According to the pension fund's website, Progress Investment Management Co. has been the pension fund's equity/fixed income manager of emerging managers since 2013. Whether the firm is invited to rebid could not be immediately learned.
The RFP is available on the pension fund's website. Proposals are due at 5 p.m. CST on Jan. 31. A timeline for a decision has yet to be determined.
Investment consultant Marquette Associates is assisting.
Michael Walsh, executive director and chief investment officer, did not immediately reply to requests for further information.
