Chicago Transit Authority rehired Marquette Associates as discretionary investment consultant for the CTA Supplemental Retirement Plan.
The CTA's board approved its committee on finance, audit and budget's recommendation to rehire Marquette at its Sept. 15 remote meeting, a video of the meeting shows.
The video did not provide further information on the search process or whether there were any finalists. The CTA issued an RFP for the services in January.
The CTA Supplemental Retirement Plan is a frozen defined benefit plan that had $37 million in assets as of Aug. 31, 2020, according to the plan's most recent investment report included in the January RFP materials.
As of that same date, the asset allocation was 26.1% fixed income, 25.7% international equities, 22.7% domestic equities, 11% real assets, 10.9% private equity and 3.6% other.
Gregory Longhini, CTA board secretary, did not respond to requests for further information.