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SMID Value Equity RFP

Posted on: July 5, 2017

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 providing US Small/Mid Cap Value Equity services (“Proposer” or “SMID Value”) that will be benchmarked against the Russell 2500 Value index. This search is limited to traditional long only investment managers, hedge fund managers will not be considered for this mandate. The anticipated allocation will be between $100 million and $110 million. All responding firms must meet the highest standards of professional competence and ethics. The selected firm(s) will serve as a fiduciary in its capacity to the Fund. The Board’s investment consultant NEPC, LLC shall oversee the RFP process.

How to Submit:

NEPC (“Consultant Contact”) ChicagoPoliceRFP@nepc.com
Chicago Policemen's Annuity and Benefit Fund Aoifinn Devitt
adevitt@chipabf.org

The subject line of your email submission should be “SMID Value RFP”.

You must also send one (1) bound hard copy of all your proposal materials (also by 3:00 pm CST on July 31, 2017) to:

Aoifinn Devitt
Chief Investment Officer
Chicago Policemen's Annuity and Benefit Fund
221 North LaSalle Street, Suite 1626
Chicago, Illinois 60601

-and-

DeAnna I. Jones
Senior Analyst
NEPC
10 South Wacker Drive, Suite 1230
Chicago, IL 60606

SMID Value RFP

SMID Cap Value RFP

Exhibit A - Employee Diversity Chart

Exhibit I - Fees

Exhibit J - Legal Disclosure

Q&A