Cook County Employees’ and Officers’ Annuity and Benefit Fund is searching for active international equity managers to run a total of $450 million.
The $13.9 billion pension fund is seeking proposals from both core and value managers, according to an RFP on its website.
The pension fund plans to allocate $300 million to an active core portfolio and $150 million to an active value portfolio.
The RFP does not disclose the funding sources or whether current managers are invited to rebid. The pension fund’s target allocation to international equities is 20%.
Stephen Wolff, director of investments, could not be immediately reached for further information.
The RFP is available on the pension fund’s website. Proposals are due by 4:30 p.m. CST on Jan. 3. Finalist presentations are schedule for sometime in March.
Investment consultant Callan is assisting.
