Institutional Investors

Chicago Police and Fire fund prepares for asset liability results


The $3 billion Chicago Policemen’s Annuity & Benefit Fund has placed its global macro manager search on hold, while officials await the results of an asset liability study due to be finished up in the coming month.

A decision on whether or not to move forward with the allocation will likely come in early October as NEPC assists the city pension system in assessing the optimal asset mix. NEPC was recently hired and replaces general investment consultant Ennis Knupp and real estate consultant Courtland.

Chicago Police and Fire received 40 responses to its global macro RFP issued earlier