Chicago FABF issues RFP for investment consultant

Institution: Chicago Firemen Annuity & Benefit Fund
Headquarters: Chicago, US
Total AUM: $921.3 million
Allocation to Alternatives: 9.1%

Chicago Firemen Annuity & Benefit Fund has agreed to issue a request for proposal for investment consulting services, as mentioned during the pension’s January 2021 board of trustees meeting. The contract would cover a period of up to five years, commencing July 2021. The pension’s current investment consultant is Callan LLC.

As illustrated below, Chicago FABF currently allocates 7.6 percent of its full investment portfolio to private real estate. As of December 31, the value of its private real estate portfolio was approximately $69.9 million. Lorna Scott is the pension’s chief investment officer.

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