Chicago Park Employees’ pension issues RFPs for infrastructure, risk parity
The $402 million Chicago Park Employees’ Annuity and Benefit Fund is searching for investment managers to launch two new asset classes, risk parity and private open-end infrastructure assets. Approximately $20 million will be allocated to each new asset class. Marquette Associates, the pension fund’s investment consultant, is managing the search.
According to the RFP, potential risk parity managers must have a minimum of three years of experience, and the firm must manage $1 billion in assets in the risk parity composite as of Dec. 31, 2012.
Potential firms applying to manage private open-end infrastructure assets must have a minimum of three years of experience, as of Dec. 31, 2012, managing open-end infrastructure products. Closed-end fund managers or managers investing exclusively in publicly listed securities are ineligible.
Proposals are due April 12. For more informatio