Institutional Investors Mandates & RFPs

Chicago Teachers to complete minority fund of funds search to manage $25 million

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The Public School Teachers' Pension and Retirement Fund of Chicago has gathered responses to an RFP for a minority or female-owned fund of hedge funds to manage a $25 million allocation.

Firms under consideration will need to meet emerging investment manager criteria as established by Illinois statute that dictates a firm needs to have assets under $10 billion and be a certified minority, women and/or disabled business enterprise. The search criteria also stipulates that key decision makers on the investment team will need to possess more than 10 years of investment experience, including