Shelby County revs up search for investment consultant

Shelby County Retirement System, Memphis, Tenn., is searching for an investment consultant, confirmed David Pontius, manager of pension investments.

The $1 billion pension fund is conducting the search because it has been more than five years since the services were last put out to bid, Mr. Pontius wrote in an e-mail. Current consultant Consulting Services Group is invited to rebid.

The RFP is available from the county's website. Proposals are due at 4 p.m. CDT on May 17. A timetable for finalist interviews and a selection has yet to be determined.