Key Takeaways
- • Cook County pension funds have initiated a search for an investment consultant to manage strategic asset allocation and investment strategy oversight, as reported by Pensions & Investments on September 11, 2025.
- • Callan Associates (Callan LLC), based in Chicago, has served as the current investment consultant, working alongside the Retirement Board to oversee investment strategy and manager selection.
- • The fund maintains a diversified target allocation of 32% domestic equities, 23.5% broad U.S. fixed income, 20% international equities, and 8.2% private assets, among other allocations.
- • The investment consultant search follows established procurement guidelines instituted by Cook County pension funds, which include a "quiet period" protocol to ensure fair evaluation of qualified candidates.
- • The County Employees' and Officers' Annuity & Benefit Fund of Cook County is actively soliciting proposals from qualified general investment consultants as part of its fiduciary oversight process.
Summary
Cook County pension funds are conducting a search for an investment consultant, according to a September 11, 2025 report from Pensions & Investments. The procurement process represents part of the fund's ongoing effort to ensure expert fiduciary oversight of its investment strategy and manager selection process.
Callan LLC, headquartered in Chicago with contacts John Jackson and Anne O'Bradovich, has served as the fund's investment consultant as of August 2025. The consultant works collaboratively with the Retirement Board to study and refine the fund's investment strategy on an ongoing basis. The fund manages a complex, diversified portfolio with a target allocation of 32% domestic equities, 23.5% broad U.S. fixed income, 20% international equities, 8.2% private real estate, and other alternative allocations.
The County Employees' and Officers' Annuity & Benefit Fund of Cook County has invited qualified investment consultants to submit proposals as part of the formal search process. The pension fund operates under established procurement guidelines designed to ensure transparency and fairness during consultant evaluations. These guidelines include implementation of a "quiet period" protocol that commences upon announcement of the search, preventing communication with candidates that could bias the selection process.
The search for a new investment consultant underscores the fund's commitment to rigorous fiduciary governance and periodic reassessment of advisor relationships. Investment consultants play a critical role in institutional pension fund management, providing counsel on asset allocation decisions, manager performance evaluation, and strategic positioning within target allocation bands.
Callan LLC, headquartered in Chicago with contacts John Jackson and Anne O'Bradovich, has served as the fund's investment consultant as of August 2025. The consultant works collaboratively with the Retirement Board to study and refine the fund's investment strategy on an ongoing basis. The fund manages a complex, diversified portfolio with a target allocation of 32% domestic equities, 23.5% broad U.S. fixed income, 20% international equities, 8.2% private real estate, and other alternative allocations.
The County Employees' and Officers' Annuity & Benefit Fund of Cook County has invited qualified investment consultants to submit proposals as part of the formal search process. The pension fund operates under established procurement guidelines designed to ensure transparency and fairness during consultant evaluations. These guidelines include implementation of a "quiet period" protocol that commences upon announcement of the search, preventing communication with candidates that could bias the selection process.
The search for a new investment consultant underscores the fund's commitment to rigorous fiduciary governance and periodic reassessment of advisor relationships. Investment consultants play a critical role in institutional pension fund management, providing counsel on asset allocation decisions, manager performance evaluation, and strategic positioning within target allocation bands.
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