Andrew Kelsen Joins $10.8B Chicago’s Pension Fund
The $10.8 billion Chicago Public School Teachers’ Pension & Retirement Fund announced it has appointed Andrew Kelsen as portfolio manager for alternative investments.
Mr.
Kelsen, who started earlier this month , will oversee the fund’s
private equity, hedge fund of funds and other alternative investments as
applicable, according to the documents.
He will report to Carmen Heredia-Lopez, chief investment officer.
Currently, the pension fund has no plans to change its hedge fund strategy, said Ms. Heredia-Lopez in the documents.
Previously, Mr. Kelsen was a vice president at Torshen Capital Management. The position will not be filled.
As
of June 30, 2013, the most recent information available, the pension
fund had an as asset allocation of 33% domestic equities, 27%
international equities, 17.3% fixed income, 7.9% real estate, 5.5% cash
and equivalents, 3.4% infrastructure, 2.8% each public REITs and private
equity, and 0.3% hedge funds.
Source: Pensions & Investments
