The Chicago Teachers’ Pension Fund (CTPF) has issued a Request for Proposal (RFP) for a Core Plus Fixed Income Investment Manager. The Fund will partner with its investment consultant, Callan LLC to evaluate the responses. All candidate firms must submit their fund information to the Callan database.

The Investment Manager will provide a core plus fixed income strategy with a minimum fund size of $1 billion, structured as a separate account, and benchmarked against the Bloomberg U.S. Aggregate Bond Index. The total mandate size will be approximately $500 - $750 million. The Investment Manager will have independent discretionary authority over the assets managed and will provide regular performance and portfolio valuation reports to CTPF and Callan. They must adhere to due diligence responsibilities and performance standards, exceeding the Bloomberg U.S. Aggregate Bond Index within specified periods. All investment activity will be documented with CTPF’s master custodian, Bank of New York Mellon.

Proposals must be received no later than 12:00 p.m. CST on Monday, March 24, 2025.

The RFP is posted on the Investment Procurement Page.