Chicago Municipal Employees' Annuity & Benefit Fund rehired Marquette Associates as its investment consultant.
The $3.2 billion pension fund's board approved the rehiring of the firm at its March 16 meeting, said Stephen Wolff, investment officer, in an email.
The pension fund issued an RFP in January due to the impending expiration of Marquette's contract on April 30, Mr. Wolff said at the time. In an email Wednesday, he said the board also considered proposals from Meketa Investment Group and Verus Advisory.
As of Dec. 31, the pension fund's actual allocation was 24.8% domestic equities, 24% fixed income, 19.7% international equities, 11.5% hedge funds, 10.1% real estate, 3.9% cash and short-term investments, 3.3% infrastructure, 2.3% private equity and 0.4% private debt.
The target allocation is 26% domestic equities, 22% each fixed income and international equities, 10% hedge funds, 9% real estate, 4% each private debt and private equity, and 3% infrastructure.