Friday, 31 July 2015
Last updated 16 hours ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…