Chicago Policemen’s Annuity & Benefit Fund is seeking to appoint at least one global tactical asset allocation (GTAA) manager, Pensions & Investments reports. The hired firm is expected to manage up to $300 million.
The funding for the GTAA manager will come from the reduction in U.S. equities. The search is the first following the adoption of a new asset mix by the board of the retirement system.
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