Chicago Police serve and protect pensions via hedge fund mindset
Wed Nov 3, 2010
Sam Kunz relies on a macro outlook to get the job done
By Susan Barreto
motto at the Chicago Police Department is to "Serve and
Protect" and active and retired police officers can only say
the same of the mindset at the Chicago Policemen's Annuity and
Benefit Fund, whose staff oversees the administration of $3
billion of their hard earned pension assets.
While there are plenty of reasons to worry about future
returns in uncertain markets, chief investment officer Sam Kunz
optimistically found plenty of reasons to consider new horizons
and potential asset mixes following the results of an asset
liability study conducted by NEPC.
The Policemen's Annuity & Benefit Fund initially began a
search for a global macro manager in April. That search is now
on hold and a decision on whether or not to move forward with
the allocation is likely to come in later this year as NEPC
assists the city pension system in assessing the optimal...
ISSN: 2151-1845 / CDC10004H
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