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.

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