The $7.7 billion Cook County Retirement Funds in Chicago have begun the search for funds of hedge funds in issuing requests for proposals over the last month.
These searches follow RFPs in the areas of core-plus fixed income and core real estate open-end funds, and follow the selection of Callan Associates as a general investment consultant. The hedge fund component of the search schedule comes as the Cook County government is facing the challenge of a budget shortfall.
The Cook County Fund and the Forest Preserve District Fund RFPs were due back at the end of September. The