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.
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