Chicago Transit Plan Issues Low-Volatility FoF RFI

Jun 20 2012 | 11:22am ET

Chicago's transit workers are looking for a fund of hedge funds—but want to avoid a bumpy ride.

The $1.8 billion Chicago Transit Authority Employees Retirement Plan has issued a request for information for a low-volatility fund of funds or funds of funds. The fund or funds hired will be allocated $30 million.

Proposals are due on July 13 with finalists notified Aug. 17. The pension's consultant, Gray & Co., is assisting with the search.

The RFI is available on the plan's Web site.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of