Chicago Public School Teachers' Pension & Retirement Fund is searching for at least one investment consultant, said Angela Miller-May, chief investment officer.The $11.2 billion pension fund issued an RFP due to the state statutory requirement that the services must be put up for bid every five…
Chicago Teachers puts emerging markets manager on watch
Bloomberg
The $11.2 billion pension fund s board placed the manager on watch Thursday due to performance concerns, said Angela Miller-May, chief investment officer, in an email.
EARNEST Partners also runs $549 million in active international developed markets equities for the pension fund. That portfolio is not affected, Ms. Miller-May said.
Kevin Pope, EARNEST Partners spokesman, could not be immediately reached for comment.
As of June 30, the overall allocation to international equities was 28.9%.
Investment consultant Callan assisted.