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AUGUST 1, 2013

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Chicago Park Employees enters infrastructure

by Andrea Waitrovich

The $420 million Chicago Park Employees’ Annuity & Benefit Fund has committed $20 million to infrastructure, according to the July 20 meeting minutes. The commitments mark the plan’s first infrastructure investments.

A motion was made to approve $10 million each to infrastructure managers Ullico Investment Co. and Industry Funds Management.

The investments were part of a search issued in February. Marquette Associates, the pension fund’s investment consultant, managed the search.

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