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Chicago Policemen Appoints PIMCO, GMO

The Chicago Policemen’s Annuity & Benefit Fund has appointed Pacific Investment Management Company and Grantham Mayo Van Otterloo.

The Chicago Policemen’s Annuity & Benefit Fund has appointed Pacific Investment Management Company (PIMCO) and Grantham Mayo Van Otterloo (GMO), Pensions & Investments reports. The pair will manage a combined GTAA mandate totaling between $250 million and $300 million.

The fund has not yet decided on the allocation each manager will receive. The funding will come from equities in general and U.S. equity in particular.

Click here for the story from Pensions & Investments.

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