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.