Chicago Police pension fund hunts for new investments

 A new request for proposals has been issued to organise the pension’s search for more esoteric credit strategies, according to its chief investment officer.

 The Chicago Policemen’s Annuity and Benefit Fund is looking to complement its existing private debt investments with an allocation designed for strategies that do not fit squarely into traditional asset class definitions.

On Thursday, the $2.9 billion pension released a request for proposals for between one and three $10 million to $40 million allocations for “income generating investment management services”.

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