Chicago Park Employees' Annuity & Benefit Fund is searching for an active emerging markets equity manager to run about $20 million.
The $351 million pension fund did not provide a reason for the search in an RFP posted on its website.
As of Sept. 30, the pension fund had a single $7 million passive emerging markets equity portfolio managed by Northern Trust Asset Management, according to its most recent available investment report. The pension fund's target to emerging markets equities is 6%. Executive Director Steve Swanson could not be immediately reached for further information.
The RFP is available on the pension fund's website. Proposals are due at 5 p.m. CST on Dec. 18. A timeline for a selection was not provided.
Investment consultant Meketa Investment Group is assisting.
