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Chicago Municipal Employees’ Annuity & Benefit Fund rehires Marquette Associates as investment consultant
The $3.8 billion Chicago Municipal Employees' Annuity & Benefit Fund has retained Marquette Associates as its investment consultant, according to a recent board meeting document.
Marquette’s contract, which was due to expire April 30, is effective for five years. IREI understands the pension fund also considered proposals from Meketa Investment Group and Verus Advisory.
As of March 31, the real estate composite represented $303.7 million, encompassing 8 percent of the total portfolio, against a target of 9 percent. The open-ended infrastructure composite was $104.3 million, representing 2.7 percent of the total portfolio. The target was 3 percent.
The Chicago Municipal Employees' Annuity & Benefit Fund could not be reached to comment on its decision at the time of publication.