The pension system also discussed a potential private equity pacing plan that calls for $80 million to $90 million per year to reach its 11% target.
The city may be establishing a new 457(b) plan, replacing an incumbent administrator or formalizing an existing arrangement.
In this episode of Against Consensus, host Angelo Calvello sits down with Public School Teachers’ Pension & Retirement Fund of Chicago Trustee Vicki Kurzydlo to tell you how not to pitch to the pension fund’s board.
The retirement system finalized a new commitment in the firm’s 11th fund in the series.
The retirement system added a portfolio manager to staff in August.
The firm will provide services for approximately $1.5 billion in short-term operating and reserve funds.
The retirement system added $860 million across three new commitments in May.
The office’s newest deputy cio joins from a Midwestern Federal Reserve Bank.
The final fund close exceeded the firm’s $1 billion target.