Institutional Investors

Walsh to head investments at Chicago Municipal


Michael Walsh will become chief investment officer of the Chicago Municipal Employees’ Annuity and Benefit Fund at the beginning of 2012. Walsh is currently deputy treasurer for the City of Chicago and has worked closely with the $4.7 billion pension fund over the years on the behalf of the Treasurer’s office.

Walsh replaces James Mohler, who was recently promoted to the role of executive director following the retirement of Terrance Stefanski this fall after 18 years of service. The pension fund, along with the Chicago Laborer’s pension fund, has been at the center of a controversial practice of