Chicago Transit Authority Employees Retirement Plan is searching for a global low-volatility manager to run about $90 million.
The $1.8 billion pension fund is seeking a manager to run a low-volatility equity portfolio benchmarked to the MSCI ACWI Minimum Volatility index or S&P Global Low Volatility index, according to an RFP posted on the pension fund's website.
The funding source for the portfolio could not be immediately learned.
As of March 31, the pension fund's actual allocations to domestic equities and international equities were 27.5% and 18.8%, respectively; their respective targets are 28% and 21%.
The RFP is posted on the plan's website. Proposals are due at 3 p.m. CST on March 6. A timeline for a decision has yet to be determined.
Investment consultant Marquette Associates is assisting.
John V. Kallianis, executive director, could not be immediately reached to provide further information.