Missouri-Illinois metro district employees’ master trust wants consultant

Bi-State Development Agency of the Missouri-Illinois Metropolitan District and Division 788 Amalgamated Trust Union, Employees' Master Trust Fund, St. Louis, is searching for an investment consultant, confirmed Sandra Griffin, contracting officer.

Incumbent Fiduciary Consultants is invited to rebid. The reason for the search could not be learned by press time.

The master trust, which consists of one pension fund for clerical workers and another for operations and maintenance employees, had about $93 million in assets as of June 30.

The contract is for up to five years.

The RFP notice is available on the metropolitan district's website. The entire RFP can be obtained by e-mailing Ms. Griffin at Proposals are due at 3 p.m. CST Nov. 30. A hiring decision is expected by mid-December.

The master trust has a target asset allocation of 45% domestic large-cap equity; 30% fixed income; 10% domestic midcap equity; and 5% each domestic small-cap equity, international equity and real estate.