Glencoe (Ill.) Police Pension Fund is searching for a single firm to provide investment management and custodial services, according to an RFP on the village's website.
The village is seeking a firm to "manage the entire portfolio of the Pension Fund investments (i.e., fixed income and equities) and provide custody banking services."
According to April 24 pension board meeting minutes, Great Lakes Advisors is the $40 million pension fund's investment consultant. Which firm provides the services described in the RFP could not be immediately learned.
Responses are due by 1 p.m. CDT on Sept. 13.
As of Feb. 28, the pension fund's actual allocation was: 51.4% equities and 45.6% fixed income. The remainder was not disclosed in the pension board meeting minutes.
Denise Joseph, assistant finance director, did not immediately return a phone call seeking further information.