Core Plus Fixed Income

SERVICES TO BE PROVIDED

The Retirement Board (“the Board”) of the Policemen’s Annuity and Benefit Fund of Chicago (“the Fund” or “PABF”) is requesting proposals from qualified firms interested in managing a core plus fixed income portfolio, benchmarked against the Bloomberg Barclays US Aggregate Index. This search is limited to traditional long only investment managers, hedge fund managers will not be considered for this mandate. The allocation is expected to be $80-150 million. If you are interested in being considered for this RFP, you must submit an electronic copy of the complete proposal by 4:00 CST on May 6, 2019. Responses submitted after this time and date will not be considered. Questions concerning the RFP must be submitted in writing via e-mail to the investment consultant’s search contact by 3pm CST on April 17, 2019. Responses to properly submitted questions will be consolidated in a single Q&A document and posted on the consultant’s website on or around April 22, 2019. No phone calls please.

The RFP for this search be found in this link:

Professional Advisors

Legal Advisor

  • David R. Kugler, ESQ

Medical Advisor

  • Peter Orris, M.D.

Investment Consultant

Consulting Actuary

Auditor

Master Custodian

Commercial Bank

Posted on: April 10, 2019

RFP Submission

Awarded

  • Pending

Archived

RFP Disclaimers

PABFProposals become the property of the Fund and these and any late submissions will not be returned. Your Proposal will be open to the public under the Illinois Freedom of Information Act (FOIA) (5 ILCS 140) and other applicable laws and rules, unless you request in your Proposal that we treat certain information as exempt. We will not honor requests to exempt an entire Proposal. You must show the specific grounds in FOIA or another law or rule that support exempt treatment. Regardless, we will disclose the successful Bidder’s name, and the substance of the Proposal. If you request exempt treatment, you must submit an additional copy of the Proposal with exempt information deleted. This copy must tell the general nature of the material removed and shall retain as much of the Proposal as possible. You will be responsible for any costs or damages associated with our defending your request for exempt treatment. You agree the Fund may copy the Proposal to facilitate evaluation, or to respond to requests for public records. You warrant that such copying will not violate the rights of any third party.

Non-Discrimination: No decisions regarding Bidders will be influenced by race, sex, color, religion, national origin, age, disability, veteran status, marital status, or any other unlawful basis.

Exceptions

Exceptions: (i) sole source procurements, (ii) emergency procurements, and (iii) at the discretion of the pension fund, retirement system, or board of investment, contracts that are nonrenewable and one year or less in duration, so long as the contract has a value of less than $20,000.