Over-promised benefits continue to sink Chicago’s finances as the recent bear market eats into 2021 stock market gains. Investments gaining 25% last year plus federal aid didn’t offer much help to city pension systems, which have more debt than 45 states.
The reservation is seeking a fee-only financial advisor to provide a variety of services, including valuation of alternative investments and direct investment opportunities.
The foundation has hired a director of investments following a search from the beginning of the year and is now seeking an investment analyst due to the departure of a staff member.