Chicago Park Employees’ Annuity & Benefit Fund Selects 2 Managers for Fixed Income Search

The Park Employees’ Annuity & Benefit Board of Chicago has selected Garcia Hamilton & Associates and Loop Capital for a fixed income search, according to materials from the September Retirement Board meeting. 

Garcia Hamilton & Associates and Loop Capital were retained as fixed income investment managers in the following capacity: 100% of the Long-Term Government Bonds mandate, 100% of the TIPS mandate and 50% of the Core mandate to Garcia Hamilton & Associates; and 100% of the Short-Term Duration mandate and 50% of the Core mandate to Loop Capital, with the funds for both being allocated from Mackay Shields and LM Capital. 

CFI Partners also presented at the meeting for consideration.

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