Firemen's Annuity and Benefit Fund of Chicago, Illinois ... - Fabf.org
Firemen's Annuity and Benefit Fund of Chicago, Illinois ... - Fabf.org
Firemen's Annuity and Benefit Fund of Chicago, Illinois ... - Fabf.org
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
TABLE OF CONTENTS<br />
Board <strong>of</strong> Trustees..........................................................................................................................................Inside Cover<br />
Letter from the Board ..................................................................................................................................................... 1<br />
Pr<strong>of</strong>essional Staff <strong>and</strong> Advisors...................................................................................................................................... 2<br />
Executive Director’s Report ........................................................................................................................................... 3<br />
Actuarial Certification .................................................................................................................................................... 5<br />
Report <strong>of</strong> the Independent Auditors ............................................................................................................................... 6<br />
Management’s Discussion <strong>and</strong> Analysis ........................................................................................................................ 7<br />
Financial Statements..................................................................................................................................................... 12<br />
Notes to Financial Statements ...................................................................................................................................... 14<br />
Supplementary Information.......................................................................................................................................... 27<br />
Investment Committee Report...................................................................................................................................... 32<br />
Pr<strong>of</strong>essional Staff <strong>and</strong> Advisors<br />
December 31, 2006<br />
Pr<strong>of</strong>essional Staff<br />
Executive Director - Kenneth E. Kaczmarz<br />
Chief Investment Officer - Michael G. Moran, CFA, CPA<br />
<strong>Fund</strong> Comptroller - Jaclyn McAllister<br />
Deputy Director <strong>of</strong> <strong>Benefit</strong>s - Janet A. Pelech<br />
Administrative Coordinator - Lori A. Lund<br />
Information Systems Manager - Janice E. DeGroot<br />
Advisors <strong>and</strong> Consultants<br />
Actuary - Gabriel, Roeder, Smith & Company<br />
Independent Auditors - Legacy Pr<strong>of</strong>essionals<br />
Investment Consultant - Mercer Investment Consulting<br />
Legal Counsel - Burke, Burns & Pinelli, Ltd.<br />
Master Custodian - The Northern Trust Company<br />
Pr<strong>of</strong>essional Investment Managers<br />
BA Partners <strong>Fund</strong> IV LSV Asset Management<br />
Br<strong>and</strong>es Investment Partners Marvin <strong>and</strong> Palmer Associates<br />
<strong>Chicago</strong> Equity Partners Mesirow Financial<br />
Credit Suisse Asset Management Mesirow Financial Capital Partners IX, L.P.<br />
Earnest Partners Navellier & Associates<br />
Globeflex Capital LP Neuberger & Berman LLC<br />
Husic Capital Management Northern Trust Quantitative Advisors<br />
ICON Investment Management PIMCO <strong>Fund</strong>s<br />
<strong>Illinois</strong> Private Equity <strong>Fund</strong>-<strong>of</strong>-<strong>Fund</strong>s, LP Rhumbline<br />
ING Aeltus Investment Management The Boston Company<br />
Keeley Asset Management Western Asset Management Company<br />
Logan Capital Management William Blair & Company<br />
Loomis, Sayles & Company<br />
2