Chicago Policemen plans search for index fund manager Print The $2.6 billion Chicago Policemen's Annuity & Benefit Fund plans to begin a search for a manager of traditional passive strategies this month. The RFP is to be posted on the policemen's fund website, confirmed Thomas Beyna, board president and chairman of the investment committee of the defined benefit plan, in an email. Mr. Beyna did not provide the size of the future mandate. The board of trustees approved the search during a Feb. 25 board meeting. In other news from the fund, Mr. Beyna said Pacific Investment Management Co. was terminated by the board at its Jan. 28 meeting for management of $124 million in the firm's All Asset Strategies approach.