Firemen’s Annuity & Benefit Fund of Chicago: U.S. Core Fixed Income RFP
The Firemen’s Annuity & Benefit Fund of Chicago is searching for an investment adviser from qualified investment advisers to manage a U.S. Core Fixed Income mandate in a fiduciary capacity to the Fund.
The approximate mandate will be $50 million, representing a 4.0% target allocation of the total Fund. The mandate will be benchmarked against the Bloomberg Aggregate Bond Index. Proposed strategies should exhibit:
- The portfolio’s average rating will be A or Better by Moody’s or Standard and Poor’s.
- No more than 10% invested in non-dollar denominated bonds.
- No more than 10% invested in non-investment grade bonds.
- Derivatives permitted to hedge duration, currency, credit risk, and yield curve risk. Derivatives may not be employed to create a levered exposure.
- Duration exposure should fall within a +/-20% range of the index.
How to Participate in this Search: Visit the Fund’s website for the full RFP.
Deadlines:
RFP Questions: Oct. 4, 2024 (12:00 p.m. CT)
RFP Submissions: Nov. 1, 2024 (3:00 p.m. CT)
Learn more about working with Callan.