Chicago LABF launches search, hires consultant
The $1.4 billion Laborers’ & Retirement Board Employees’ Annuity & Benefit Fund of Chicago will launch a search for an opportunistic real estate manager to run $7 million to $10 million, according to recent meeting documents.
An RFP has not yet been released, but it will be available on the pension fund’s website as well as NEPC’s website, the pension fund’s investment consultant.
Also during the Oct. 20 board meeting, the pension fund reported that the contract to rehire NEPC as investment consultant had been finalized. An RFP was issued for an investment consultant in February as NEPC’s contract expired in July.