St. Louis city pension fund looks to add energy MLP manager

St. Louis Employees' Retirement System is searching for a manager to run about $45 million in a master limited partnership strategy, confirmed Rich Olliges, accounting officer for the $636 million city pension fund.

The portfolio should consist solely of publicly traded energy MLPs, according to the RFP.

Master limited partnerships is a new asset class for the pension fund, the result of an asset allocation approved by the pension fund's board of trustees in May that created a 7.5% target allocation.

The RFP is available from the city's website.

Proposals are due at 4 p.m. CDT on Oct. 17. A timetable for a decision has yet to be determined.

Investment consultant Summit Strategies Group is assisting.

— Contact Rob Kozlowski at rkozlowski@pionline.com | @Kozlowski_PI