People - MARCH 4, 2013

Chicago Park Employees’ pension issues RFPs for infrastructure, risk parity

by Sara Kassabian

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 information, the RFP can be viewed on the pension fund’s website.

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