Chicago Park Employees' Annuity and Benefit Fund is searching for a domestic midcap growth equity manager to run about $12 million.
The $380 million pension fund is seeking proposals from managers that provide a domestic midcap growth equity strategy, according to an RFP posted on the pension fund's website.
The RFP does not specify whether this is an active or passive strategy, and it does not disclose the name of the current manager or whether the firm is invited to rebid.
As of June 30, Northern Trust Asset Management ran $12 million in a passive domestic midcap growth equity strategy for the pension fund, according to its most recent investment report.
Also as of June 30, the actual allocation to domestic equities was 29.4%; the target is 24%.
The RFP is available on the pension fund's website. Proposals are due on Oct. 12. A timeline for a selection was not provided.
Investment consultant Meketa Investment Group is assisting.
Steve Swanson, executive director, could not be immediately reached for further information.