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Chicago LABF searches for new investment consultant
Chicago Laborers’ Annuity & Benefit Fund has posted an RFP for a full-service investment consultant. Its current consultant is NEPC.
The RFP is for all of LABF’s investments, including global and international assets. The new contract is for a period of five years or less. A selection date has not been set. Proposals are due March 20.
The $1.4 billion pension fund has a 6 percent target allocation to real estate; as of Dec. 31, 2014, its actual allocation to real estate is 3.4 percent.