Cook County and the Illinois Municipal Retirement Fund reported improving pension health, while the unfunded liabilities of Chicago funds worsened in 2020.
Chicago Firemen selects new executive director
Chicago Firemen selects new executive director
He is to begin July 1, a news release on the website said, and replace
Steve Swanson, who left in February to become the executive director of the $314 million Chicago Park Employees Annuity & Benefit Fund.
Mr. Weller has previously worked in investment management and has developed an expertise in portfolio management, business development, marketing, and compliance, according to the news release.
The release did not provide further information on Mr. Weller s previous position or experience. Sarah Boeckman, interim executive director, confirmed Mr. Weller is currently working at money manager Great Lakes Advisors. According to that firm’s website, he is managing director, client sales and service. Mr. Weller could not be immediately reached for further information.
Chicago Park Employees terminates Mesirow Financial
Chicago Park Employees terminates Mesirow Financial
Crain Communications
Chicago Park Employees Annuity & Benefit Fund terminated Mesirow Financial from a $10 million active core fixed-income portfolio.
The $318 million pension fund s board approved the termination of the manager at its April 15 meeting after voting to reduce its target allocation to fixed income to 17.5% from 20.5%.
The pension fund had issued an RFP in March for a core fixed-income manager due to the closure in 2020 of prior manager Chicago Equity Partners. Following that closure, the pension fund temporarily shifted the assets to Mesirow Financial because Chicago Equity s fixed-income team moved to that firm.