Chicago Park Employees' Annuity & Benefit Fund is searching for Minority, Women and Disadvantaged Business Enterprise managers to run about $13 million in passive or enhanced index short-duration Treasury inflation-protected securities and $10 million in passive or enhanced index long-duration U.S. government fixed income.
The $338 million pension fund's investment consultant Meketa Investment Group, which is assisting with the search, has posted the RFP on its website.
The pension fund is specifically seeking a minority-owned businesses, women-owned business, or businesses owned by a person with a disability to submit proposals. The RFP does not disclose the funding sources of the portfolios.
As of March 31, the pension fund's actual allocation to risk mitigating strategies was 18%, equal to its target.
The RFP is available on Meketa Investment Group's website. Registration is required. Proposals are due on July 14. A timeline for a selection was not provided.
Steve Swanson, the pension fund's executive director, could not be immediately reached for further information.