January 25, 2010 – The $9.2 billion Public School Teachers’ Pension & Retirement Fund of Chicago hired Leading Edge Investment Advisors to manage a $100 million international equity emerging manager-of-managers portfolio, Executive Director Kevin Huber said. The hire was made at a board meeting yesterday. LEIA was selected over finalists such as FIS Group and Attucks Asset Management (fin|daily, 1/15).
The plan issued an RFP for an international manager-of-manager in November following the announcement that incumbent United Investment Managerswas sold by Laurence Gray to Marcellus Taylor in September (fin|daily, 10/21; 9/17). Robert Talaga, investment analyst at the plan, said LEIA has full discretion on the sub-advisors previously under UIM. They are Ativo Capital Management, Matterhorn Capital Management, Boston Common Asset Management, GlobeFlex Capital, Brown Capital Management and Atlanta Life Investment Advisors.
General investment consultant Mercer assisted.
For more information about AAAIM trustee member LEIA: www.leia.net