Non U.S. (International) Small Capitalization Equity (“ISC”)

SERVICES TO BE PROVIDED

The Chicago Police Annuity and Benefit Fund (“Chicago PABF”) is seeking proposals from qualified firms to provide Non U.S. Small Capitalization Equity Management Investment Management Services. The purpose of employing an ISC manager (or multiples thereof) is to provide diversification through the addition of exposure to non U.S. small capitalization equity securities. The return goal of these portfolios should be to outperform a benchmark (S&P EPAC Small Cap Index or equivalent).

Thank you for your interest in this RFP and we look forward to your response.

Professional Advisors

Legal Advisor

  • David R. Kugler, ESQ

Medical Advisor

  • Peter Orris, M.D.

Investment Consultant

Consulting Actuary

Auditor

Master Custodian

Commercial Bank

Finalized

Awarded

On September 5, 2012, the Policemen's Annuity and Benefit Fund of Chicago requested proposals from Non U.S. Small Capitalization Equity investment management firms. Responses were due no later than September 28, 2012.

After a thorough review of the responding firms' portfolio structure, investment strategy and philosophy, organization profile, performance expectations and fees, the Board of Trustees awarded the following:

  • $90 million to Acadian Asset Management, LLC
  • For further details on the investment managers hired by the Fund, including fees paid, please see the Investments Disclosures on this website.

    Archived

    RFP Documents

    Questions

    Questions concerning the RFP must be submitted in writing via e-mail to the Search Contact ten business days before the Proposal submission date deadline. Responses to properly submitted questions will be consolidated in a single Q&A document and posted on the Fund’s website on or about five business days before the Submission date deadline.

    Site Links

    Investment Meeting Web Estimate News Letter

    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.