Chicago Police To Seek Global Macro Manager

Mar 8 2010 | 4:05am ET

The Windy City’s finest are going global. The Chicago Policemen’s Annuity & Benefit Fund plans to allocate about $150 million to a global macro hedge fund manager.

The $3 billion pension will issue a request for proposals next month. In the interim, it and consultant Ennis Knupp will determine whether to select a single-manager fund or a fund of hedge funds, Pensions & Investments reports.

The Chicago pension plans to allocate 5% of its assets to the global macro mandate. It will be funded by a reduction in the plan’s domestic equity portfolio.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...