(updated with correcton)
Cook County Annuity & Benefit Fund, Chicago, are searching for emerging managers to run a total of up to $150 million in active international developed markets equities.
The 11.2 billion pension fund issued an RFP because of the recent closing of manager of emerging managers Progress Investment Management, said Fernando I. Vinzons, director of investments, in an email.
Since the firm closed at the end of May, Mr. Vinzons said assets have been parked in a short-duration account.
The actual allocation to international equities is 22.8%; the target is 21%.
The RFP is available on the pension fund's website. Registration is required. Proposals are due at 3 p.m. CDT on Aug. 28. A timeline for a decision has yet to be determined.
Investment consultant Callan is assisting.
