Chicago MEABF Terminates Fixed Income Manager

According to meeting minutes from the September 21st board meeting, the Municipal Employees Annuity & Benefit Fund of Chicago has terminated opportunistic fixed income manager Crescent Capital.

Crescent Capital was put on watch in February of 2023 as a result of long term underperformance.

General consultant, Marquette, assisted with the recommendation.

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!

Written By: Jane Bailey, Marketing Associate

Jane Bailey is a Marketing Associate at Dakota.

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Chicago MEABF Terminates Fixed Income Manager

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