Chicago’s bravest seeking infrastructure manager

The Firemen’s Annuity & Benefit Fund of Chicago, with approximately $1 billion in assets under management, is in the market for an infrastructure investment manager, to which it plans to allocate $32 million to be invested in an unlisted, open-ended infrastructure equity fund.

The allocation will represent approximately 3% of the total fund, which may allocate the assets to multiple managers. The fund’s CIO, Lorna Scott, deferred all questions regarding the search to the RFP, which can be found at Continue Reading

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Mark Fortune

Mark Fortune has more than 30 years of experience as a financial writer and editor, with a focus on institutional investment management. He has worked in various editorial roles at organizations that include Institutional Investor, Pageant Media, Markets Group and, most recently, at New York investment management firm Cohen & Steers.

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